10.21.2008 2:33 pm
Insurer sees little risk for home prices here
St. Louis Post-Dispatch
PMI, a provider of private mortgage insurance, says that higher unemployment and a surge in foreclosures have “significantly heightened the risk of future home price declines” nationally. In a news release, PMI economist David Berson says that 94 percent of the nation’s housing markets have become riskier. The good news is that St. Louis isn’t one of them. PMI says the risk of falling home prices here is less than 1 percent.
PMI’s analysis is based on government house-price data, which we’ve discussed here.
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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
