Some urban areas are already underwater when it comes to foreclosure and delinquency rates. And that could hurt your home's value.
If you're looking for a new home in an urban area, you might be attracted to some more up-and-coming areas.That is according to a new study from GOBankingRates, which evaluated cities based on multiple criteria: percentage of homes with mortgages in negative equity, foreclosure rates, delinquency rates on mortgage payments, homeowner vacancy rates and rental vacancy rates. The site then ranked 40 cities according to these risks.
Other Northeast cities to make the list include Baltimore; Bridgeport, Conn.; Hartford, Conn.; Philadelphia and Syracuse, New York.
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