States across the East Coast, as well as the greater Chicago area, will face the biggest hurdles to housing recovery as the COVID-19 pandemic wanes, according to a new report by ATTOM Data Solutions.
In a first quarter retrospective released this week, the property database firm noted that New York City, Chicago, and parts of South Florida contain the largest clusters of high-risk counties where a post-COVID recovery will be steepest. Conversely, regions across the American West (with the exception of the Northern California counties of Butte, Humboldt, and Shasta) are best positioned to recover swiftly.
Florida, Illinois, New Jersey, Connecticut and North Carolina accounted for 33 of the 50 counties most vulnerable to the economic impact of the pandemic in the first quarter of this year, including seven suburban counties near Chicago, four near New York City, five in southern Florida and two around Hartford, Connecticut.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.