NEW JERSEY, ILLINOIS AND CALIFORNIA HAVE HIGHEST CONCENTRATION OF VULNERABLE HOUSING MARKETS
IRVINE, Calif., June 22, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and other measures in the first quarter of 2022. The report shows that New Jersey, Illinois, and inland California had the highest concentrations of the most at-risk markets in the first quarter of 2022 - with the biggest clusters in the New York City and Chicago areas. Most southern states were less exposed.
- The report shows that New Jersey, Illinois, and inland California had the highest concentrations of the most at-risk markets in the first quarter of 2022 - with the biggest clusters in the New York City and Chicago areas.
- The first-quarter 2022 patterns based on home affordability, underwater mortgages, foreclosures and unemployment - revealed that New Jersey, Illinois and California had 34 of the 50 counties most vulnerable to the potential declines.
- At the other end of the risk spectrum, the South had the highest concentration of markets considered least vulnerable to falling housing markets.
- The conclusions were drawn from an analysis of the most recent home affordability, equity and foreclosure reports prepared by ATTOM.