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Author: Real Estate Advisor The 50 fastest growing metro areas were mostly concentrated in the West and the South, with 23 of them in the West and 25 in the South, according to the latest U. S. Census Bureau's population estimates. Of the remaining two of the top 50, Fayetteville-Springdale-Rogers, Ark. -Mo. was the only metro area that spread over both the South and Midwest region while the lone metro area of the Midwest was Sioux Falls, S. D. It is interesting to note that there were no metro areas in the Northeast among the 50 fastest growing metro areas. The first fastest growing metro area in the Northeast region to feature in the list is York-Hanover, Pa. , at 95th rank. The U. S. Census Bureau's population estimates reveal the fastest growing metropolitan areas in the country from April 1, 2000 to July 1, 2006, as well as the top numeric gainers. It is an interesting fact that the top five metro areas with the largest numeric change in the last 6 years were all in the South

Author: Real Estate Advisor There has been a shift in the risk of home price reductions in the U. S. towards Florida and California and some areas of the southwest, according to the PMI Mortgage Insurance Co. 's Summer 2007 U. S. Market Risk Index. The index ranks the 50 largest metropolitan statistical areas in the U. S. according to the risk of home price reduction in the next two years. On an average, the 50 MSAs scored 346, which is 34. 6 % possibility that home prices will reduce in the next two years. The PMI risk index model has been updated this year with the inclusion of the recent price volatility in the market. Also this year's index includes risk ranking where in MSAs with consistent characteristics are grouped under the same rank. Thus we have Riverside, CA, Phoenix, AZ, Las Vegas, NV, and West Palm Beach, FL group ranked on the top of the index having about 60 % chance of home price reductions in the next two years. Five MSAs in California - Los Angeles, Santa Ana, Oaklan