Risk Report Ranks Housing Market Vulnerability

Dated: October 20 2022

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ATTOM Data Solutions’ recently released Special Housing Risk Report looked at county-level housing markets across the country. It used affordability conditions, unemployment, and other economic measures to rank how vulnerable each was to a downturn. The good news is the data found there isn’t a housing market anywhere in the nation at imminent risk. However, some markets are more vulnerable than others. The most at-risk housing markets were found in inland California, New York City, and Chicago counties. The South and Midwest had the least vulnerable housing markets.

Rick Sharga, executive vice president of market intelligence at ATTOM, says inflation is the key. “The Federal Reserve has promised to be as aggressive as it needs to be to get inflation under control, even if its actions lead to a recession,” Sharga said. “Given how little progress has been made reducing inflation so far, the Fed’s actions seem more and more likely to drive the economy into a recession, and some housing markets will be more vulnerable than others if that happens.

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Michael Downer

Your Luxury REALTOR®, Trusted Advisor — Quintessential Naples Team at Downing-Frye Realty®Michael "Mike" Downer is the REALTOR® you want in your corner when buying or selling real es....

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