The Boston-Cambridge-Quincy, Mass./N.H., metropolitan area tops
the list as the region with the highest probability of experiencing a
housing-price decline. The area scored a 533 on PMI's Risk Index, indicating a
53.3% probability of weaker home prices in the next two years.
That marks a big increase in risk for the New England hub. A
year ago, Boston's probability for home-price declines stood at 23.3%. The
area's problem "is that it has had strong home-price increases relative to poor
income growth," says Marco Van Akkeren, an economist at PMI.