These five factors were scored and combined with the highest score indicating the city most likely to be poised for a housing crisis. These 100 cities then were re-ranked and scored on the four factors above as well as (5) foreclosure rate as sourced from RealtyTrac. The 100 cities most poised for a housing crisis were moved onto the next round of scoring. Factors (1) and (2) were weighted 2x, and factor (4) was weighted 0.5x. These four factors then were scored and combined with the highest score indicating the city most likely to be poised for a housing crisis. Methodology: To find the 40 cities that could be poised for a housing crisis, GOBankingRates looked at the 200 largest 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 Financial Protection Bureau (3) homeowner vacancy rate as sourced from the 2019 American Community Survey and (4) rental vacancy rate as sourced from the 2019 American Community Survey. What Income Level Is Considered Middle Class in Your State? Nominate Your Favorite Small Business and Share With Your CommunityĢ0 Home Renovations That Will Hurt Your Home’s Value % of mortgages 30-89 days delinquent: 8.7%įoreclosure rate: 1 in every 10,322 homes Laredo is the county seat of Webb County, Texas, United States, on the north bank of the Rio Grande in South Texas, across from Nuevo Laredo, Tamaulipas, Mexico.
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