Desirable towns seem to maintain their values where nearby, less high-end towns’ housing values are declining.  This phenomenon is an interesting one to say the least, one town’s property values drop significantly while a neighboring town’s property values rise.  A recent article by Ted Seifer in the Boston Globe pointed out how Wellesley, MA and Weston, MA real estate values remained strong while nearby Wayland home values dropped significantly.  In fact real estate values in Weston and Wellesley increased while the median Wayland home value dropped by nearly 20%.  Seifer demonstrates this in the Globe article “Just compare Weston and …read more

According to CNN, in the 12 months that ended June 30 of this year, nearly 25 percent of homes sold across the country sold for less than the sellers originally paid for the house. This, of course, is a disastrous transaction for sellers, probably only made under duress. The sellers had to sell now, and had no other options.

What if you could predict those areas of the country where housing prices will dip the most in the next two years? Well, even if you can’t, the folks at PMI Mortgage Insurance Company have given it a try.