With one in 198 of its properties facing foreclosure in the fourth quarter of 2024, Charlotte County was named among the 50 U.S. counties with housing markets most vulnerable to declines, according to the latest Special Housing Risk Report from ATTOM.
The report from the curator of land, property data and real estate analytics showed that California, Illinois and the New York City area had high concentrations of the most-at-risk markets in the country, with parts of Florida also in that mix.
More than one of every 1,000 properties faced a foreclosure action in the fourth quarter in 37 of the 50 most vulnerable counties, including Charlotte County.
In addition, more than 6% of residential mortgages were underwater in 29 of the 50 most-at-risk counties. Those with the highest underwater rates among the 50 most at-risk counties were Pasco County (15.8% underwater), Baltimore City/County in Maryland (15.3%), Orleans Parish in Louisiana (15.3%), Tangipahoa Parish in Louisiana (14%) and Charlotte County (14%).
