Summary
A report from property data provider ATTOM reveals that Florida has the most counties at risk for falling home prices in the U.S. due to high inventory and slowing demand. This trend is expected to continue until 2026, with specific counties showing high foreclosure rates and unemployment. Meanwhile, counties in the Northeast and Midwest are less at risk due to housing shortages.
Key Facts
- Florida has 16 of the 50 most vulnerable counties for falling home prices.
- California follows with 11 counties at risk and New Jersey has four.
- High foreclosure rates and rising unemployment contribute to risk levels.
- Florida's median home price in February was $415,200, a slight 0.4% increase from the previous year.
- Counties like Charlotte in Florida and Charles in Maryland are among those most at risk.
- Wisconsin, New York, Pennsylvania, and Tennessee have some of the least risky counties.
- ATTOM's report cites the slow correction of Florida's housing market after the pandemic boom.
- Home prices in major Florida metro areas are expected to continue declining until 2026.
