At Least The Jersey Shore is Not the South Shore

PMI, the mortgage insurance company posted its quarterly "high-risk" real estate market index today. Boston and Long Island NY were the two riskiest markets in the index. If you are ever depressed about what $600,000 will buy you at the Jersey Shore, take a look at what you get for that amount in towns like Merrick, or Syosset or most other places on Long Island. Then you won't feel so bad.


"• The highest-risk sites remain in coastal areas, with the biggest odds of falling prices in Boston (55.3% ) and Long Island (Nassau-Suffolk), N.Y. (54.0%). Six of the 10 highest-risk areas are in California."

Go to entire article