Housing Markets in California, Illinois, New Jersey and New York City Most Vulnerable to Another Crash
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The most vulnerable housing markets to another crash are in California, New Jersey, and Illinois. New York City also had many high-risk neighborhoods.
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These states had 33 of the 50 US counties most prone to price drops, foreclosures, and other housing downturns.
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New York City had the most vulnerable counties, including Brooklyn, Staten Island, and the Bronx. New Jersey suburbs were also at high risk.
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After NYC, the Chicago area had the next highest number of counties vulnerable to a housing slump.
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The most stable housing markets are predominantly in the South, Midwest, and New England. Areas in Tennessee, Wisconsin, Virginia, and Boston had many of the most secure housing markets.