The 10 US cities least at risk of a housing downturn in a coronavirus-led recession
Because the housing market was in good shape heading into the pandemic, Redfin projected the coronavirus fallout would be mild and much less severe than the fallout caused by the 2008 recession.
To find the 10 markets that are least vulnerable, Redfin used 13 factors to calculate the overall risk score of each metro area. The factors measured include the number of people employed in the leisure and hospitality industry, the number of people employed in the air-transportation industry, the median debt-to-income ratio, and the number of coronavirus cases per 1 million people as of March 24.
Less-weighted factors include the median home-sale price-to-household-income ratio, home-price volatility, the average loan-to-value ratio of homes sold in 2019, the percentage of state GDP made up of imports from China, the percentage of households owned by people 65 or older, and the share of home sales that were flips.
Keep reading for a look at the 10 metro areas least at risk of a housing downturn, ranked from highest to lowest risk score.
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