All housing market’s ebb and flow at their own pace. Which means what’s happening in one market may be entirely different than what’s happening in another. In other words, it’s about location. That’s why ATTOM Data Solutions keeps track of which housing markets are vulnerable to a downturn and which are least at risk. According to ATTOM’s most recent Special Housing Risk Report, the map hasn’t changed much lately. The same areas – mostly around Chicago, New York, and inland California – were determined to be most exposed to vulnerability, based on affordability, underwater mortgages, foreclosures, and unemployment numbers. The strongest markets were once again in the South and Midwest, with Virginia, Wisconsin, and Tennessee accounting for 22 of the 50 healthiest markets in the country. Rob Barber, ATTOM’s CEO, says the report doesn’t mean a downturn is coming. “Once again, this is not to suggest that any one market is facing imminent decline,” Barber said. “It’s more a measure of vulnerability gaps.” (source)
