The PMI Group released their updated housing risk index on Tuesday. New Jersey finds itself situated firmly in the top 10 highest risk areas:
In fact, as of the latest release, the Edison, NJ (473) and New York-Wayne-White Plains, NY-NJ (447) MSAs have a higher risk index than Las Vegas (418). The Newark-Union, NJ-PA follows close behind with a risk index of 365. This release saw the risk index of Newark, NJ, New York, Edison, NJ jump more than 100 points.