House available in Broward what is The risk Fla. home values will decline do you believe it is Only 3%?


what is The risk Fla. home values will decline do you believe it is Only 3%?

“Even as homeownership remains out of reach for many people, a growing housing shortage will continue to push up national home prices faster than inflation for the foreseeable future.” DeFranco cites positive fundamentals for affordability, such as below-normal mortgage rates, employment growth of 2 to 2.5 million jobs a year, an extremely tight inventory of homes for sale, accelerating rent increases.Only Wyoming and North Dakota are ranked at an “elevated risk,” while Alaska, West Virginia, Oklahoma, Louisiana and New Mexico are considered a “moderate risk.” And while Florida’s risk is considered “low” at only 3 percent, 37 of U.S. states are considered “minimal risk” with the chances of a price decline over the next two years 2 percent or less.The likelihood of home price declines across the United States over the next two years remains unchanged at only 4 percent, according to the latest Arch MI Risk Index.The risk of price declines continues to drop, according to the Winter 2017 edition of The Housing and Mortgage Market Review (HaMMR) published by Arch MI.

Source: Florida Realtors

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