- Philadelphia Business Journal - Mag says Phila. economy built to survive recession
- Risk of house prices falling in Phila., Pitt. low
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- Countdown to Credit Normalcy - CNBC video
- Blue Moon blog - GOV'T TAKEOVER!
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- ALERT! Freddie Mac Changes Investment Property Guidelines
- Rental market stays afloat amid housing turmoil
- What goes up, must come down, 4/24/08 FOX
- Home Prices Drop Most in Areas with Long Commute 4/21/08, NPR
- Sunny Side of the Street 4/16/08, WSJ
- Magic Johnson Raised $1B for Co-founded Urban Investment
Risk of house prices falling in Phila., Pitt. low
The risk of housing prices falling further by 2010 in the Philadelphia area is far lower than in most U.S. metropolitan regions, according to the latest U.S. Market Risk Index by PMI Mortgage Insurance Co.
PMI said there was a 2.1 percent chance prices would be lower in the area in two years. That compares with 99.5 percent in the two areas with the highest risk: Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla., and Riverside-San Bernardino-Ontario, Calif.
Areas with the least chance of a price decrease included Dallas and Pittsburgh, where the risk was less than 1 percent.
The index considers factors including labor market statistics, housing prices and mortgage rates.
http://www.bizjournals.com/philadelphia/stories/2008/09/29/daily39.html