Three CA Counties Make List Of Most Vulnerable Housing Markets

A new report from real estate data curator ATTOM shows California has some of the highest concentrations of at-risk housing markets in the country.

The analysis found the fourth-quarter patterns – based on gaps in home affordability, underwater mortgages, foreclosures, and unemployment – revealed that New Jersey, Illinois, and California had 31 of the 50 counties most vulnerable to potential declines around the U.S. According to the report, that was roughly the same as the 28 more-at-risk markets that were in those states in Q4 2021.

The report examined the percentage of homes at risk of foreclosure, the percentage of mortgage balances that exceeded property values, average local wages, and local unemployment rates.

Among the 10 U.S. counties with housing markets most vulnerable to decline, three were in the Golden State. These include:

Butte County (#2)

51.6% of income to buy

6.5% underwater

0.1% of properties with foreclosure filings

4.4% unemployment rate

Madera County (#7)

53.0% of income to buy

4.6% underwater

0.1% of properties with foreclosure filings

6.3% unemployment rate

Shasta County (#10)

43.5% of income to buy

6.3% underwater

0.1% of properties with foreclosure filings

4.4% unemployment rate

Read more here.  


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