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

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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.

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