Who’s At Risk?

June 26, 2006 Posted In Economic News Market Conditions

Mark Milner says that Las Vegas real estate is risky. Milner, who is an expert on Las Vegas housing and also the chief risk officer at Walnut Creek’s PMI Mortgage Insurance Co. says that Las Vegas housing is not the only at risk city for higher land prices however.

According to Milner the highest risks are in California and the Boston-to-New York corridor. He says that Las Vegas is in this category because of the large price jumps that have occurred over the past several quarters locally.