The Real Deal Miami

Broward County will see further home price declines

October 03, 2008 01:39PM

Florida faces
high risks of further price declines, according to mortgage insurer PMI. Broward County tops the country’s 50 largest metro
areas with a 99.5 percent chance that home prices will be lower in two years. Orlando, Miami and Tampa also each have a 99
percent chance of home prices falling. PMI says every other urban county in the
state face a 60 percent or higher chance of falling prices.