The housing market is vulnerable to decline in parts of the country with analysis suggesting that prices are more at risk of falling in three specific areas.
Real estate experts at ATTOM, a property data firm, suggested that California, New Jersey, and Illinois are home to the counties with the most at-risk housing markets.
Some areas in Florida now fall into this category, according to the Quarter 3 2024 Housing Market Impact Risk Report, which was published on Friday.
The news follows a string of warnings about the state of the U.S. housing market in recent months, although the picture is very different depending on the location of the market.
Back in July, ATTOM warned that homes were becoming ever more unaffordable with Americans being forced to spend much more of their paychecks to achieve home ownership.
And house prices had hit an all-timehigh that same month, according to the National Association of Realtors. But, around the same time, an ATTOM study …