News Formal

Florida's Housing Market Now Classed at 'Higher Risk'

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Business News News

Business Business Latest News,Business Business Headlines

Some counties are considered to be 'at higher risk of downturns,' experts say, as homeowners struggle with 'underwater mortgages' and foreclosures.

Parts of Florida's housing market are looking increasingly vulnerable to possible price declines, according to a new report.Real estate experts at ATTOM, a property analytics firm, suggested that some counties in the Sunshine State are now among the housing markets in the country most at risk. While this could be could welcome news for some potential buyers struggling to get on the housing ladder, homeowners in those areas may well be dismayed.

The analysis '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,' ATTOM said. Some counties 'in or near New York City' also made the list, the firm said.Researchers studied various trends in third-quarter figures to compile their report. Factors included so-called underwater mortgages , foreclosures and unemployment rates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Florida's Housing Market Could See 'Big Investor Selloff' in 2025An increase in supply has meant falling demand for homes, which means rent prices are tumbling in a bid to attract tenants, says expert.
Source: Newsweek - 🏆 468. / 52 Read more »

Northeast Florida realtors report stabilizing housing market with steady price growthThe Northeast Florida Association of Realtors October Market Statistics report revealed a trend of increased inventory and moderate price growth, signaling a stabilizing market.
Source: wjxt4 - 🏆 246. / 63 Read more »

Long-term Mortgage Rates Fall, Revitalizing Housing MarketLong-term mortgage rates have decreased, boosting home purchase interest and improving the stagnant housing market. Mortgage applications surged 6.3%, with purchase demand up 52% from last year. Though rates declined slightly, affordability remains a challenge.
Source: FOXLA - 🏆 445. / 53 Read more »

Housing market posts first gain in more than 3 years with dip in mortgage ratesThe housing market is showing signs of life at the end of 2024, posting its first monthly sales gain in more than three years in October as buyers took advantag
Source: 13WHAM - 🏆 256. / 63 Read more »