How Much Lower Can We Go

Home prices are not close to turning around, according to the risk index of mortgage insurer PMI Group. More than 25 percent of U.S. metropolitan areas are likely to have lower home prices two years from now, and the risk of lower prices in the third quarter of 2010 has risen in 97 percent of the 381 markets. California's Inland Empire, the greater Miami area, Lake Havasu City-Kingman, Ariz., and Cape Coral-Fort Myers, Fla., are most likely to have lower prices in two years; while the Dallas-Fort Worth area, greater Houston and Pittsburgh are l east likely to see declines.
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