Wednesday, July 20, 2005

Kiplinger's Personal Finance: The 13 Riskiest Housing Markets

According to Kiplinger's Personal Finance below are the 13th riskiest markets.


1. Boston, MA 8. Sacramento, CA
2. New York, NY 9. Providence, RI
3. Fort Lauderdale, FL 10. Minneapolis-St. Paul, MN
4. Washington DC 11. Denver, CO
5. Detroit, MI 12.Miami, FL
6. Los Angeles, CA 13.Tampa-St. Petersburg
7. San Francisco, CA



I beg to differ. Sure, most of these are risky markets but they are not the 13 riskiest. In Fresno, prices are up 111% in 5 years, Washington, DC is up 93%. Not only that but as the article itself admits "It's increases in federal spending, which support a strong job market." The strong job market is a big part of the huge price appreciation in Washington, DC. Fresno, CA is much riskier then Washington, DC. Where is Fresno on this list? Which markets do you think are the riskiest?