Over 94% Chance Sonoma County Homes Decrease in Value

Mortgage Insurer PMI Group just released their second quarter report forecasting home prices in the 381 MSAs across the U.S. The title of this article sums up their findings nicely: "Expect More Home Price Declines Almost Everywhere".

Regarding Sonoma County, as you'll see by looking at the map our area is colored candy apple red. The color refers to the chance that home prices will be lower in two years. Probabilities are as follows:

Blue = 0-10%

Green = 10-30%

Tan = 30-50%

Orange = 50-70%

Red = 70-100%

Looking at the actual data we see that they put the probability of the Sonoma County home prices declining at 94.2%.