You are using an older browser version. Please use a supported version for the best MSN experience.

40 Cities That Could Be Poised For a Housing Crisis

GOBankingRates Logo By Andrew Lisa of GOBankingRates | Slide 1 of 41: The lessons of the 2008 housing crisis are a living memory, and the effects of the recession of that era still are being felt. Although today’s housing market is largely hot, experts are bracing for a wave of evictions triggered by pandemic-related disruptions. That, they fear, could be the catalyst for a different kind of housing crisis that could rival even the dreariest days of the Great Recession — all with COVID-19 still far from contained.  Some American cities are much more vulnerable to a housing downturn than others, according to a new study from GOBankingRates.  Using data from sources that include the U.S. Census Bureau, the Consumer Financial Protection Bureau, the 2019 American Community Survey and RealtyTrac, GOBankingRates identified the 40 cities most at risk for experiencing a widespread housing crisis. The study examined factors such as mortgage delinquencies, foreclosures, and homeowner and rental vacancy rates.  All 40 are among the 200 largest cities in the country, but they aren’t spread out equally across the nation. States such as Texas, for example, are disproportionately represented with seven cities on the list. California, on the other hand, doesn’t have a single entry despite a population of nearly 40 million and some of the most expensive housing markets in America.  Last updated: Oct. 26, 2020

The lessons of the 2008 housing crisis are a living memory, and the effects of the recession of that era still are being felt. Although today’s housing market is largely hot, experts are bracing for a wave of evictions triggered by pandemic-related disruptions. That, they fear, could be the catalyst for a different kind of housing crisis that could rival even the dreariest days of the Great Recession — all with COVID-19 still far from contained. 

Some American cities are much more vulnerable to a housing downturn than others, according to a new study from GOBankingRates. 

Using data from sources that include the U.S. Census Bureau, the Consumer Financial Protection Bureau, the 2019 American Community Survey and RealtyTrac, GOBankingRates identified the 40 cities most at risk for experiencing a widespread housing crisis. The study examined factors such as mortgage delinquencies, foreclosures, and homeowner and rental vacancy rates. 

All 40 are among the 200 largest cities in the country, but they aren’t spread out equally across the nation. States such as Texas, for example, are disproportionately represented with seven cities on the list. California, on the other hand, doesn’t have a single entry despite a population of nearly 40 million and some of the most expensive housing markets in America.

Last updated: Oct. 26, 2020

© iStock.com
Loading...

XD Load Error

More from GOBankingRates

GOBankingRates
GOBankingRates
AdChoices
image beaconimage beaconimage beacon