A recent ATTOM study reveals that major cities like New York, Chicago, and Washington, DC are facing a heightened risk of a housing downturn. Economic indicators such as foreclosures, underwater mortgages, and unemployment rates are contributing to their vulnerability. Washington, DC, is notably at risk within the lower-risk South region. ATTOM's CEO, Rob Barber, emphasizes that the analysis aims to spotlight areas under pressure rather than predict market trends, regardless of recent significant events like federal layoffs.
Local housing markets fluctuate in and out of the lists of areas more or less exposed to declines from quarter to quarter, but some regions consistently rank among the most vulnerable due to significant gaps in key market indicators.
This report isn't meant to raise red flags or predict endless gains. It simply highlights counties experiencing more or less pressure that could influence home values, foreclosures, or homeowner equity.
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