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!