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Recession to Depress Housing Prices Through 2010: Report 

Apr 01, 2009By

As many as 374 of the nation’s 381 Metropolitan Statistical Areas – or 98 percent – are currently facing an increased risk of lower home prices through year-end 2010, according to data released Wednesday by PMI Mortgage Insurance Co. [stock PMI][/stock]. Albeit, the bit of good news, according to PMI’s U.S. Market Risk Index and First Quarter Economic and Real Estate Trends Report, is 212 of the nation’s MSAs hold a minimal-to-low risk of lower prices in two years.

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