Seattle's PMI Risk Index Continues Climb
The latest PMI report (pdf) is out, and much to no one's surprise, Seattle's risk index has increased yet again.
Jumping 14 points from the fall to a total of 167, Seattle now boasts a PMI that is 2.6 times its Summer 2005 low of 64. Although Seattle's Risk Index is still a good margin below regions such as San Diego or Sacramento, it is certainly interesting to note that it has now increased in five of the last six PMI reports.
But don't you worry, Seattle is special and all that. Surely price growth will simply stabilize, and the Risk Index will head back down.
(PMI Mortgage Insurance Co., Winter 2007 Report (pdf), 01.2007)
