Housing bubble alert
There is a 25 percent chance that the Twin Cities will see a decline in average home value in the next two years, according to a new report
from the PMI Group, an international mortgage insurer. In an analysis of the country's 50 biggest housing markets, PMI ranked the Twin Cities as 17th most risky. Only one other non-coastal metro area--Detroit-Dearborn--scored higher on the company's risk index. At the top of the heap: the Boston-Quincy metro, where PMI concluces there is a 55 percent likelihood of a drop in average home values.