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Naperville among the top 50 cities in U.S. at risk of housing slump, website report says
Naperville ranked No. 46 in an assessment by GOBankingRates.com of communities at risk of heading into a real estate market downturn, though it does not mean a crash is imminent. The website that connects readers with interest rates on financial services analyzed data from 500 U.S. cities on such things as foreclosure rates, median home listing prices, percentage of home listings where prices were cut and mortgages that are higher than a home’s worth. All the data was compiled on Aug. 20. GOBankingRates said while Naperville consistently makes various lists of "best places to live," the city’s housing market has been slumping and home prices have dropped more than 2% the past two years. The median list price in Naperville was $439,990, the website said. Posted by: Besoeker 2019-09-22 |
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