Report: Tampa's Home Prices Staying Low

The city has a 99.7 percent chance of seeing lower home prices through 2010 as more people lose jobs and decide not to buy homes, according to a report released Wednesday by Walnut Creek, Calif.-based PMI Mortgage Insurance Co. Meanwhile, unrelated to the report, Florida Attorney General Bill McCollum said the state's housing crisis is a breeding ground for mortgage fraud. State agencies, he said, must do a better job working together to investigate and prosecute fraud. The PMI report showed that Tampa is among the top 10 cities with the highest probability of lower prices in 2010. Four other Florida cities - Miami, Fort Lauderdale, Orlando and Jacksonville - made the list. All 10 cities have a 99 percent chance of falling home sales. Others cities in the top 10 are Los Angeles, Riverside and Santa Ana in California; Las Vegas; and Phoenix.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email