Sullivan, Washington Co. housing markets ranked low in virus vulnerability analysis

Sullivan and Washington are among the counties ranked less vulnerable to the economic impact of the Coronavirus pandemic.

Sullivan ranked 303, and Washington ranked 304 out of the 483 counties in the special report released today by ATTOM Data Solutions. It says the Northeast has the largest concentration of the most at-risk counties, with clusters in New Jersey and Florida, while the West and Midwest have the smallest.

Markets are considered more or less at risk based on the percentage of housing units receiving a foreclosure notice in Q4 2019, the percent of homes underwater (LTV 100 or greater) in Q4 2019, and the percentage of local wages required to pay for major homeownership expenses. Rankings are based on a combination of those three categories in 483 counties with sufficient data to analyze. Counties were ranked in each category, from lowest to highest, with the overall conclusions based on a combination of the three rankings.

“It’s too early to tell how much effect the Coronavirus fallout will have on different housing markets around the country. But the impact is likely to be significant from region to region and county to county,” said Todd Teta, chief product officer with ATTOM. “What we’ve done is spotlight areas that appear to be more or less at risk based on several important factors. From that analysis, it looks like the Northeast is more at risk than other areas. As we head into the spring home-buying season, the next few months will reveal how severe the impact will be.”

Twelve Tennessee county markets were included in the report. Here’s how they ranked in order of the least to most vulnerable.

Davidson – 471

Rutherford – 453

Knox – 446

Williamson – 422

Hamilton – 359

Sumner – 351

Washington – 304

Sullivan – 303

Shelby – 300

Wilson – 287

Bradley – 232

Montgomery – 147

Housing markets in 14 of New Jersey’s 21 counties are among the 50 most vulnerable to the economic impact of the Coronavirus. The top 50 also includes four in New York, three in Connecticut and 10 from Florida, but only one in California, none in other West Coast states, and only one in the Southwest. Sussex Co. NJ is ranked the most vulnerable county in the nation (No. 1 ranking), and Tippecanoe Co. in Indiana is ranked the least vulnerable (No. 483).

 



Categories: REAL ESTATE

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