Miami Has One of the Riskiest Home Markets in the Country, Well, Duh

Oh, look. We've topped another depressing list. No, this one isn't calling us fat, in fact it's practically guaranteeing we'll be skinnier in one area: our wallets. PMI group released its list of riskiest real estate markets, and Miami ties with Riverside, California as the riskiest. The chance of home...

By Kyle Munzenrieder

January 14, 2009

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Oh, look. We've topped another depressing list. No, this one isn't calling us fat, in fact it's practically guaranteeing we'll be skinnier in one area: our wallets.

PMI group released its list of riskiest real estate markets, and Miami ties with Riverside, California as the riskiest. The chance of home prices being worth less in two years than they are now? 99.9%! Fort Lauderdale has troubles, too. They came in at number 3 with 99.8%. Look on the bright side though: there's a 00.1% they might rise!

If you're looking to make a safe investment, then PMI suggests heading to Texas. The Dallas, Houston, and Fort Worth areas have the least risk of any markets.

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