Home values will continue to suffer through year-end 2010 with most metropolitan statistical areas facing an increased risk of lower prices, according to a new report issued by PMI Mortgage Insurance, Walnut Creek, Calif.
PMI says 21 of the nation's 50 largest MSAs "are now in the highest risk category, signifying the highest probability of lower house prices by the end of the fourth quarter of 2010" relative to year-end 2008.
But there could be some good news, PMI says: 212 MSAs have a "minimal-to-low risk of lower prices in two years." (The U.S. is divided into 381 MSAs.)
PMI, the nation's second largest MI as measured by policies-in-force, published its findings in its First Quarter 2009 Economic and Real Estate Trends Report.