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Methodology: To find the 40 cities that could be poised for a housing crisis, GOBankingRates looked at the largest 200 cities in terms of total housing units across the following factors: (1) percent of mortgages 30-89 days delinquent by MSA as sourced from the Consumer Financial Protection Bureau (2) percent of mortgages 90-plus days delinquent by MSA as sourced from the Consumer Protection Bureau (3) homeowner vacancy rate as sourced from the 2020 American Community Survey and (4) rental vacancy rate as sourced from the 2020 American Community Survey. 18 Reasons Why You Should Be Using Your Credit Cards More.Looking To Diversify in a Bear Market? Consider These Alternative Investments.Check Out Readers' Favorite Small Businesses in Our 2022 Small Business Spotlight.SNAP Schedule: When Can I Anticipate August 2022 Payments?.% of homes for sale that are/have been foreclosures: 49.07%.% of mortgages 90+ days delinquent: 1.1%.% of mortgages 30-89 days delinquent: 2.1%.Read on to learn which cities could be poised to experience a housing crisis. They are concentrated in 18 states, with only one state in the West. The study examined factors such as mortgage delinquencies, foreclosures and homeowner and rental vacancy rates.Īll 40 are among the 200 largest cities in the country, but they aren’t spread out equally across the nation. Census Bureau, the Consumer Financial Protection Bureau, the 2020 American Community Survey and RealtyTrac, GOBankingRates identified the 40 cities most at risk for experiencing a widespread housing crisis. Using data from sources that include the U.S. Important: 15 Cheap, Beautiful Places To Retireįind Out: Best States for Eviction Assistanceīut the slowdown might already have landed on the doorstep in some cities, according to a new study from GOBankingRates. But with mortgage interest rates climbing, the organization’s chief economist anticipates home sales will slow in 2022. The median home sales price in 2021 jumped 16.9% over the 2020 price to 346,900 – the highest increase since 1999, according to the National Association of Realtors.