NJ counties pepper list of most vulnerable U.S. housing markets

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Six New Jersey counties placed in the top 10 most vulnerable housing markets in ATTOM Data Solutions’ Special Housing Risk Report for the first quarter of 2022.

And among the top 50, five more counties made the list, accounting for more than half the Garden State being so highly ranked.

But in ATTOM’s estimation, what does “vulnerable” mean?

Executive vice president of market intelligence Rick Sharga said the higher a market rated in terms of the percentage of monthly income it takes someone to buy property, percentage of underwater loans — where more is still due than the property is worth — foreclosure activity, and unemployment rate, the higher the risk.

Passaic, Essex, and Atlantic counties came in first, second, and third respectively, with Sussex seventh, Cumberland eighth, and Union 10th.

Warren (15th), Bergen (29th), Gloucester (32nd), Ocean (35th), and Camden (36th) were the rest of New Jersey’s entries in the top 50.

Sharga said while…

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