Those factors are likely to keep most housing markets stable, even if they run into some turbulence.Staten Island is also in a precarious spot.Two counties in the Sacramento, California, area were also found to be risky.Eight counties in the New York City metropolitan area were deemed more exposed to a downturn. The housing markets in Brooklyn and Staten Island as well as six suburban counties in New Jersey just outside of New York City were more precarious.
Chicago had six risky counties in its metropolitan area, Philadelphia had three, and California had six counties stretching throughout the state with two in the Sacramento metropolitan area. In the riskier housing markets, more homeowners were underwater on their mortgages, a higher percentage of homes had receivedWhich housing markets are the safest?
On the flip side, the safest and most stable housing markets were located in the Southern region of the country as well as New England. Of the 51 least vulnerable counties, 18 were in the South, 17 were in the Northeast, 11 were in the Midwest, and five were in the West. These markets generally had fewer homeowners who were underwater on their loans and were in danger of losing their homes to foreclosure. Unemployment was also lower in these areas, below 3% in 39 of these 51 counties.Same goes for three counties in the Boston area.The report also found two counties in the Billings, Montana metro to be a safe.Virginia had the honor of having the most stable markets with six counties deemed to be least at-risk. Five of those were in the Washington, DC, metro area.
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