"California and Florida top the list of housing markets most at risk of a downturn in home values-with multiple counties facing significant challenges, according to ATTOM, a real estate analytics firm. Factors contributing to risk include affordability, underwater mortgages, foreclosures, and unemployment rates. The report highlights the unaffordability of housing in many counties, with residents needing to allocate a large portion of their income to home expenses."
"California and Florida have the highest concentration of high-risk housing markets, with multiple counties facing challenges. Affordability issues are prevalent, with a significant number of residents spending a large portion of their income on housing expenses. Nationally, home prices have reached record highs, leading to concerns about sustainability and affordability for buyers. Some counties have exceptionally high levels of seriously underwater properties, notably in Louisiana. Factors such as foreclosure rates, unemployment, and natural disasters contribute to the risk levels in various counties."
California and Florida contain the largest share of U.S. counties judged most at risk for home-value declines, with multiple counties showing elevated vulnerability. Widespread housing unaffordability forces many residents to spend a large portion of income on home expenses, reducing market resilience. National home prices have hit record highs, raising sustainability concerns for buyers. Several counties, especially in Louisiana, have exceptionally high shares of seriously underwater mortgages. Elevated foreclosure rates, higher unemployment, and exposure to natural disasters further increase local downturn risk across affected counties.
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