Cities in Danger of a Housing Crisis

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

The category that appears to correlate the most with the final ranking was, unsurprisingly, the percentage of mortgages that are currently underwater. Compared to the other places on the list, nine of the 10 worst cities had the highest percentages of mortgages with negative equity. The No. 2 worst city — Detroit — had the highest percentage of mortgages with negative equity, at 34.4%.

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Joel Anderson contributed to the reporting for this article.

