September 17, 2019

WE ARE LESS DISTRESSED . . .

In what may be a signed that market conditions are improving, the PMI (private mortgage insurance) Group removed 105 metropolitan areas from its Distressed Markets List effective June 18th. Among those areas are several major cities, including Los Angeles, San Diego, Chicago, Boston, SEATTLE, Indianapolis, New York City and Washington, DC. Homebuyers in these markets will find it easier and less expensive to obtain mortgage insurance, PMI concludes. Other major cities that remain on the Distressed Markets List include Atlanta, Detroit, Baltimore, Oakland and Newark, NJ.