Denver is one of 10 U.S. metropolitan areas with a "minimal" risk of lower housing prices two years from now, according to an index of market risk.
The latest quarterly "Market Risk Index" by PMI Mortgage Insurance Co. (NYSE: PMI), issued Wednesday, said the Denver-Aurora metro area ranks 10th among the cities that are expected to have stable housing prices between the third quarter of 2008 and the same quarter of 2010.
The index shows Denver bucking a national trend toward an increased risk of lower home prices.
It said the risk of lower prices is rising in 369 of 381 of the nation's metropolitan statistical areas.
Three Texas cities - Dallas, Fort Worth and Houston - are expected to have the least risk of declining housing prices over the next two years, Walnut Creek, Calif.-based PMI said.
As for metro areas where declining prices are most likely, PMI said, nine out of 10 are in California. The top three are Riverside-San Bernardino, Calif.; Miami; and Fort Lauderdale, Fla.
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