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Real Estate

Housing-Market Risks in U.S. Are Clustered Around NYC, Chicago

  • Attom data rank areas by affordability, level of foreclosures
  • Outside of California, the West is the least fragile market
Apartment buildings in New York, U.S.

Apartment buildings in New York, U.S.

Photographer: Jeenah Moon/Bloomberg

New York City and Chicago are home to some of the most vulnerable housing markets in the U.S., where the pandemic continues to threaten homeowners and the broader economy.

Of the 50 most at-risk counties across the country, those two metropolitan areas each had eight, while there were seven throughout California in the final three months of 2021, according to real estate data firm Attom Data Solutions. The Philadelphia area and Delaware also had a cluster of vulnerable counties, Attom said.