First American Core Logic has placed the IE in the top spot for the highest risk market.
TOP 10 HIGHEST RISK AMONG LARGEST 100 MARKETS
Of the 100 largest U.S. MSAs (out of 381), the following ten markets are at highest risk:
1. Riverside-San Bernardino-Ontario,
2. Los Angeles-Long Beach-Glendale, CA
3. Phoenix-Mesa-Scottsdale, AZ
4. Sacramento--Arden-Arcade--Roseville, CA
5. Miami-Miami Beach-Kendall, FL
6. San Diego-Carlsbad-San Marcos, CA
7. Oakland-Fremont-Hayward, CA 7
8. Stockton, CA
9. Santa Ana-Anaheim-Irvine, CA
10. Bakersfield, CA 1
2 comments:
I hope First American is not paying much for this backward-looking "research". A more appropriate title for the report would be, "Markets where lenders got killed the last three years".
In 2006, lenders were routinely making home loans at $250-$300/sf in Riverside County. Today, lenders are making loans on those same homes for $50-$80/sf. Lots of risk in 2006; not much in late 2008.
We're #1! We're #1!
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