These 40 Cities Are on the Brink of a Housing Crisis

smuconlaw / Flickr.com

14. New Haven, Connecticut

Percentage of mortgages underwater: 19.7%

Median home value: $174,100

New Haven is one of three cities in Connecticut to rank among the top 40 cities most in danger of a housing crisis. Nearly one-fifth of homes have negative equity, and while its foreclosure rate isn’t bad, its delinquency rate of 3% is almost triple the national rate. Meanwhile, New Haven’s median listing price of $179,900 is over $50,000 higher than its median sale price of $121,900, implying that prices have to be lowered in order to sell.

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6 thoughts on “These 40 Cities Are on the Brink of a Housing Crisis”

  1. unfortunate news. Trump’s “booming economy” is a f’in lie. In fact, basically everything the White House says is a self serving scam or out right falsehood. Dump Trump NOW! make America Great Again!

    1. Richard D Bowman

      Aurora’s problems reflect the democratic control of Illinois’ legislature. Illinois has a poor business climate. Caterpillar’s decided to move manufacturing out of its Aurora facility. And Illinoisians are leaving in droves because of high taxes.

    2. Richard D Bowman

      Sorry, Trump has done more for business than the preceding president. Gasoline prices are at very low prices. We can’t afford another democratic socialist president.

  2. This started way before Trump got elected into office. It was the banks that loaned to people who should not have gotten mortgages. They also approved mortgages for way more than buyers should have been granted. Peoples spending habits are way out of line and they cannot make thier mortgage payments. No ones faullt but the buyers.

  3. THE REAL AMERICAN

    8 yrs of give it all away,sit on ur ass and watch the real back bone of this america do the work for the slug’s that obama fed and groomed that put him on his selfish podium, BRAVO!!!!

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