The Counties Most at Risk of Declining Housing Markets
According to ATTOM, a leading provider of housing intelligence, Florida has overtaken California as the state with the greatest threat to homeowners due to declining housing markets. The top five counties most vulnerable to housing decline are located in Florida, Maryland, California, and New Jersey.
ATTOM has identified the counties most at risk of declining housing markets in the US. Florida has the most counties at risk, with 16 out of the 50 riskiest counties. The top five counties most vulnerable to housing decline are Charlotte County, FL, Charles County, MD, Butte County, CA, Saint Lucie County, FL, and Atlantic County, NJ. These counties have high percentages of homes facing foreclosure, underwater mortgages, and unaffordable housing. The least affordable counties are located in New York and California, where buying and maintaining a home requires a large proportion of residents' incomes. Counties with high foreclosure rates and unemployment rates are also at risk of declining housing markets.
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