Some of the nation’s largest housing markets are the most vulnerable to a potential economic downturn.
The largest risks were in counties near New York City, Chicago, and Philadelphia, according to a recent report from real estate data firm ATTOM. The report was based on home prices, average local wages, the percentage of homes that could be foreclosed on, home affordability, the portion of underwater properties, local unemployment rates, and other factors in the second quarter of 2023.
Which housing markets are the riskiest?