Market Insight

By Luana Slettedahl, a Principal Consultant at BlackFin Group

ATTOM released its latest Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, equity and other measures in the third quarter of 2024. The report shows that California, New Jersey and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix. Less-vulnerable markets continued to be clustered in the South region of the nation.

The housing market remains divided between tenure status (homeowners and non-homeowners) and across geographies. Current homeowners have been in an exceptional position to build home equity and wealth, while those trying to enter the market are facing historic affordability challenges.