Want to buy a home with little downside risk?

PMI, the private mortgage insurance company, comes out with a list every quarter of areas they think have the lowest possibility of having lower home prices in the next quarter.

Areas Least Likely to See Lower Home Prices

Fargo ND
Grand Forks ND
Cedar Rapids IA
Killeen TX
Ames IA
Morgantown WV
Iowa City IA
Fayetteville NC
Little Rock AR
Bismarck ND

There you have it. If you want little downside risk to your home’s value, move to North Dakota.

P.S. The high temperature today in Fargo, North Dakota will be 31 degrees. Not bad but the forecast for Monday is a high of 12 degrees. Now that’s nippy!

P.P.S. My father was from North Dakota and he loved to call his friends and family back home this time of year.

P.P.P.S. Now that I think about it, the real downside risk is that you won’t enjoy living in North Dakota… unless you have an Arizona home too!

February 5, 2010 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

Visit Authors Website →