The U.S. housing market has been sturdy, and home prices have been rising steadily since 2012. However, signs of weak point have begun showing recently, including a slowdown in the pace at which home prices are rising.
Does not mean that the housing market is headed for a crash. However, some places might be more vulnerable to a downturn than others. To identify these places, GOBankingRates evaluated 500 cities to determine which ones have high rates of foreclosures and underwater mortgages (houses which are worth less than what’s owed). GOBankingRates additionally looked at adjustments in the median home listing price, the number of days’ homes are on the market including the percentage of for-sale listings with price cuts and compared these figures with national averages to view which housing markets have been lagging behind the nation as a whole.
Florida holds the highest number of cities with real estate markets that could be in trouble, followed by Illinois.