The Risk of Further Declines in Home Prices: Someone Knows the Answer

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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Conventional mortgage costs often lower - Bankrate

FHA-insurance give lenders the confidence to grant mortgages to borrowers unable to put down large down payments. But what if you can afford a down payment of 10 or 20%?  Should you consider an FHA loan anyway? Here's why the answer is "probably not:" Conventional mortgage costs often lower.

The biggest difference?  Up-front and monthly private mortgage insurance (PMI). - David