Housing markets clustered in California, New Jersey and Illinois are facing the greatest risk of downturns while less vulnerable markets are spread throughout the South, Midwest and Northeast, according to a recent report from real estate data provider ATTOM.

ATTOM weighed gaps in home affordability, underwater mortgages, foreclosures and unemployment for its Special Housing Risk Report.

“Some parts of the country continue to pop up on the radar as places to watch for signs of housing market drop-offs based on key quarterly measures,” ATTOM CEO Rob Barber said. “Once again, it is important to stress that getting onto the most vulnerable list doesn’t signal an imminent crash for any local market. It just means that they have greater potential tripwires that could lead to a decline. Those remain areas to watch, especially given the overall varied trends in the market.”

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