Cape Coral is ranked third among cities most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession, according to a Redfin study. Redfin’s analysis of housing markets in 98 U.S. metros where sufficient data was available uses several housing-related indicators for each metro, including home-price volatility, average debt-to-income ratio and home-price growth. Trailing just behind top-ranked Riverside, California and Boise, Idaho, Cape Coral compiled a 76.7 overall risk score relative to the other metros in the analysis. North Port, Las Vegas and Sacramento, California rounded out the top five.
