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Kiplinger's magazine lists NYC second in its rundown of the country's riskiest housing markets, citing a recent study that puts the odds of a dip in prices over the next two years at 31%. (Boston, at 53%, is the riskiest). Elevated prices are only part of the problem, though, the magazine says. The other part is urban flight. "People from New York, especially baby-boomers, are moving out," Lawrence Yun, regional economist for the National Association of Realtors (NAR), told Kiplinger's. Whaaa?! Quick, bar the exits.
· The 13 Riskiest Housing Markets [Kiplinger's]