14 Markets With Nowhere to Go but Up

PMI Mortgage Insurance Co., has ranked the nation’s 50 largest metropolitan statistical areas according to the risk that home prices will decline further during the next two years.

The highest risk is in areas where home price growth was the greatest during the housing boom. The lowest risk of prices declining further is in areas where affordability has increased.

PMI identifies these areas as having a less than 1 percent risk of home prices declining further:

• Milwaukee-Waukesha-West Allis, Wis.
• Cleveland-Elyria-Mentor, Ohio
• Austin-Round Rock, Texas
• Denver-Aurora, Colo.
• Charlotte-Gastonia-Concord, N.C.-S.C.
• Kansas City,Mo.-Kan.
• Columbus, Ohio
• Cincinnati-Middletown, Ohio-Ky.-Ind.
• Indianapolis-Carmel, Ind.
• San Antonio, Texas
• Houston-Sugar Land-Baytown, Texas
• Pittsburgh, Pa.
• Dallas-Plano-Irving, Texas
  Fort Worth-Arlington, Texas

Source: PMI Mortgage Insurance Co. (07/01/2008)