I got this from Jeremy over at ApartmentRatings which is their survey on renter friendly cities. Here is the link to the article and my entry on the survey.
What I found interesting was this point of the survey:
The PMI Score is from PMI Group's Risk Index published 4/27/2005. This score rates the "likelihood of home price declines over the next two years" using PMI Group's proprietary model. Examining the best cities for renters in combination with the PMI risk index is helpful for prospective home buyers-- a renter in a favorable market with a high PMI risk index may wish to delay their purchase of a home to avoid buying at the peak of the market. It is also interesting to note that many of the worst markets for renters are rated as the most at-risk to decline. One possible conclusion is that in markets where renting is unfavorable, consumers respond by rapidly bidding up the price of houses, leading to bubble-like conditions that earn a high PMI risk index score. However, conclusions regarding the relationship between the renting market and home buying market should be rigorously tested due to strong correlation of various explanatory variables that affect both markets.
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