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Real Estate

Top 10 Western U.S. Housing Markets Least Vulnerable to Coronavirus Pandemic Impact

Source: https://www.attomdata.com/news/market-trends/figuresfriday/top-10-western-u-s-housing-markets-least-vulnerable-to-coronavirus-pandemic-impact/

According to ATTOM Data Solutions’ newly released Q1 2021 Special Report, spotlighting county-level housing markets around the U.S. that are more or less vulnerable to the impact of the virus pandemic, states along the East Coast, as well as Illinois, were most at risk in Q1 2021 – with clusters in the New York City, Chicago and southern Florida areas – while the West continued to face less risk.

ATTOM’s most recent Coronavirus housing impact analysis revealed that first-quarter trends generally continued those found in 2020, but with smaller concentrations around several major metro areas. The reported noted the number of counties among the top 50 most at-risk was down in the New York, NY; Philadelphia, PA and Washington, D.C. metro areas.

The report also noted the only three western counties in the top 50 during Q1 2021 were in northern California, while the only southern state outside of the East Coast with more than two counties in that group was Louisiana.

ATTOM’s Q1 2021 analysis reported that 22 of the 50 counties least vulnerable to pandemic-related problems from among the 552 included in the Q1 report were in Colorado, Minnesota, Wisconsin and Texas. The report noted that ten of them were in the Denver, CO; Dallas, TX, and Minneapolis, MN, metro areas, including Hennepin County (Minneapolis), MN; Dallas County, TX; Tarrant County (Fort Worth), TX; Denver County, CO, and Arapahoe County (Aurora), CO.

Also, according to the most recent Coronavirus housing impact report, other housing markets among the top-50 least at-risk, with a population of 500,000 or more, included Harris County (Houston), TX; King County (Seattle), WA; Mecklenburg County (Charlotte), NC; Wake County (Raleigh), NC and Erie County (Buffalo), NY.

In this post, we take a closer look at those Western housing markets least vulnerable to the impact of the Coronavirus pandemic in Q1 2020, among those counties with a population of 500,000 or more, to reveal the top 10 counties and the various contributing factors.

The top 10 larger housing markets in the West that were least vulnerable to the impact of the Coronavirus pandemic in the first quarter of 2021 included:

Arapahoe County, CO (#535 overall ranking out of 552 counties)

  • 7% of income needed to buy
  • 1% underwater
  • 01% of properties with foreclosure filings

Denver County, CO (#533 overall ranking)

  • 4% of income needed to buy
  • 8% underwater
  • 00% of properties with foreclosure filings

Spokane County, WA (#529 overall ranking)

  • 3% of income needed to buy
  • 9% underwater
  • 01% of properties with foreclosure filings

King County, WA (#519 overall ranking)

  • 8% of income needed to buy
  • 5% underwater
  • 01% of properties with foreclosure filings

Washington County, OR (#518 overall ranking)

  • 2% of income needed to buy
  • 6% underwater
  • 01% of properties with foreclosure filings

Multnomah County, OR (#514 overall ranking)

  • 9% of income needed to buy
  • 4% underwater
  • 00% of properties with foreclosure filings

Jefferson County, CO (#503 overall ranking)

  • 9% of income needed to buy
  • 1% underwater
  • 00% of properties with foreclosure filings

El Paso County, CO (#497 overall ranking)

  • 1% of income needed to buy
  • 4% underwater
  • 01% of properties with foreclosure filings

Maricopa County, AZ (#479 overall ranking)

  • 1% of income needed to buy
  • 7% underwater
  • 02% of properties with foreclosure filings

Snohomish County, WA (#468 overall ranking)

  • 7% of income needed to buy
  • 3% underwater
  • 01% of properties with foreclosure filings

To learn more about the data behind this article and what Attom Data Solutions has to offer, visit https://www.attomdata.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.