The housing bubble
Aug. 5th, 2005 05:19 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
litchSo there's been a lot of discussion about the housing bubble in america, whethere there is one, how big is it, where is it, yadda bladda wadda.
This link is to a press release from a company that offers PMI insurance. So this is what they think the real risk is, in hard numbers their actuaries have come up with.
Nationwide they see a 21% risk and the Austin area is only at figured with an 11.6% chance of a decrease.
The interesting part is going back and reading it from previous quarters, austin's gotten less risky in the last couple years (as my tax assement notes). I did see in one article where they noted that Oklahoma City was one of the few large urban area that had a negative risk, where they though home prices were notably undervalued for the demographic trends.
This link is to a press release from a company that offers PMI insurance. So this is what they think the real risk is, in hard numbers their actuaries have come up with.
Nationwide they see a 21% risk and the Austin area is only at figured with an 11.6% chance of a decrease.
The interesting part is going back and reading it from previous quarters, austin's gotten less risky in the last couple years (as my tax assement notes). I did see in one article where they noted that Oklahoma City was one of the few large urban area that had a negative risk, where they though home prices were notably undervalued for the demographic trends.
