ATTOM Report Identifies Florida as High-Risk Market for Home Price Declines
A recent report by real estate analytics firm ATTOM has identified several Florida housing markets as highly vulnerable to future home price declines. The report highlights Charlotte County, Florida, as the riskiest market in the nation, based on factors such as affordability relative to local incomes, the proportion of seriously underwater mortgages, foreclosures, and county unemployment rates. Despite a slight easing in home prices from last summer's record highs, affordability remains a significant challenge across the country. The report also notes that nationally, homebuyers can expect to spend about 30% of their income on home expenses, with certain counties in California and New York seeing much higher percentages. 
