America’s most vulnerable housing markets are clustered in New Jersey and Illinois, especially in the areas around New York City, Chicago, and Philadelphia, while Southern states and other parts of the Northeast are generally less likely to decline, according to the latest Special Housing Impact Report released by ATTOM.
The South and two New England states had the highest concentration of markets considered least likely to fall, while 23 of the 50 counties with the greatest risk of declines were in New Jersey and Illinois, according to the second-quarter report.
Eight of those counties are in the New York City area, six are in and around Chicago, and three are near Philadelphia. Six more were scattered throughout northern, central, and southern California. Others were mainly found in Indiana and on the East Coast.
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