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These Housing Markets are Most at Risk of Decline

The South and parts of the Midwest are less vulnerable compared to parts of New Jersey and Illinois, which are most at-risk.

By Barbara Ballinger | September 19, 2023 at 07:42 AM

High mortgage rates and lack of supply have done their damage to the housing markets, which only recently saw price growth start to regain momentum. Not surprisingly, some markets are at greater risk of decline than others, according to ATTOM, which recently took a look at the most- and least-risk averse markets in a recent study.

Let’s look first at the most-at-risk markets in the country, which include a percentage of homes facing foreclosure, a portion with mortgage balances that exceed estimated property values, a percentage of average local wages required to pay for home ownership costs on single-family homes and also local unemployment rates.

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