The PMI Mortgage Insurance Co.'s second quarter U.S. Market Risk Index (using 4th quarter 2009 data) showed evidence of a recovering national housing market, and the prospect of higher housing prices in many markets within two years.   Of the nation's 384 MSAs, 356 had a declining Risk Score, with only one showing a slight increase and the remainder unchanged.   The number of MSAs in the riskiest category fell by 26.4% during the fourth quarter, while those in the least risky increased by 79%.

 

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