Illinois is home to 13 of the nation’s 50 housing markets that are most at-risk of a downturn. That’s according to a recent report by ATTOM Data Solutions, a company that provides comprehensive data on property values and taxes across the nation.
The Chicagoland area is, collectively, among the most “vulnerable to decline” property markets in the nation. Property in Kane County is the 6th most at-risk of a decline. Will County is 8th. McHenry is 13th and Cook County is the nation’s 20th most at-risk.
A look at a county-by-county graphic shows that no counties in Illinois’ neighboring states made the top-50 list. On the contrary, Wisconsin had six of the least at-risk counties in the nation (Brown County, Dane County, Eau Claire County, La Crosse County, Washington County and Winnebago County).
Other very at-risk U.S. locations include inland California, New Jersey, Delaware and New York City.
ATTOMs’ analysis was based on a variety of metrics, including an area’s general property costs, amount of underwater loans and foreclosures, and its unemployment rate.