These Housing Markets Are Considered the Most ‘At Risk’

In housing markets across the U.S., homeowners and buyers alike have been challenged by high prices and rising mortgage rates. However, some markets are deemed more at risk than others, according to a recent report from property information provider ATTOM. The Special Housing Market Impact Risk Report shows California, New Jersey, Illinois, and parts of Florida as having the highest concentrations of at-risk markets, based on metrics such as home affordability and equity. Meanwhile, the least vulnerable markets are located in Virginia, Wisconsin, Tennessee, Montana, and New Hampshire.

“The recent market risk patterns changed a bit in the third quarter, with some new areas making the list of places more or less exposed to downfalls. But the big picture remained pretty much the same around the country as differences in important metrics helped produce varying pockets of vulnerability,” said Rob Barber, CEO at ATTOM. “As with past reports, this one is not meant to suggest any given area is about to fall or is immune from problems. Rather, it spotlights locations that look to be more or less able to withstand significant changes in market conditions. We will continue to keep a close watch on markets throughout the country to see how things track.” Read more