94% Chance of Price Decline?

Riverside, CA just outside of Los Angeles, is on target to see continued Home Price declines for the next 2 years. The odds that this will come true are 94% based on a statistical model by PMI Mortgage Insurance Co.

This same model applied to the Los Angeles area predicts a 79% chance that home price will decline for the next 2 years.

With interest rates at 5.45% (Jan.16,2008 figures) and prices coming down, Buyers are in a very good position to take advantage of this cycle.

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