Arch MI recently released their Housing & Mortgage Market Review where they report the average likelihood of US home price declines remains low, at 6%. However their report does indicate trouble in eight of the of states that compose the “energy patch” where the continuing drop in the price of oil puts them at a higher risk for a housing crisis. The eight states are, in order of highest risk: North Dakota (46%), Wyoming (37%), Alaska (33%), West Virgina (33%), New Mexico (31%), Oklahoma (28%), Louisiana (28%) and Texas (26%).
Click here to read the full report on Arch MI.
