What's the risk of more wholesale price declines in real estate? Low, and getting lower.
So whose prediction is that? It is the prediction someone who really needs to know the answer: major providers of private mortgage insurance (PMI). These are the folks who know how to measure mortgage default probabilities much better than AIG knew how to predict MBS (mortgage-backed securities) default probabilities, and here's what they think: Risk wanes for real estate price declines | Inman News - David
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