Cities in Danger of a Housing Crisis

There’s no guarantee that any of these cities are headed for a major crisis — be it Newark or Tulsa — but there are clearly many housing markets in the U.S. that are starting to show cracks.

And the category that appears to correlate the most with the final rankings was, unsurprisingly, the percentage of mortgages that are currently underwater. Nine of the 10 highest percentages of mortgages with negative equity were among the top 10 cities in the study, and with the No. 2 worst city — Detroit — having the highest rate at 34.4%.

Find out the salary you need to afford the average home in your state.

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