MOST AT-RISK U.S. HOUSING MARKETS

via themortgagepoint.com—Based on home affordability, equity, and other metrics, ATTOM’s most recent Housing Risk Report highlights U.S. county-level housing markets that are more or less susceptible to falls in Q2 of 2025. Many of the counties with the highest and lowest risk were found in the South, according to the survey.

Four in Louisiana, seven in Florida, five in New Jersey, and fourteen in California were among the 50 markets with the highest risk. Affordability, the percentage of mortgages that were significantly underwater, foreclosures, and county unemployment rates were used to calculate risk.

Home prices reached all-time highs in Q2, but as of June, mortgage rates, salaries, and unemployment rates had all remained relatively stable, adding to the financial strain on homeowners in many cities. Residents would have needed to pay at least half of their yearly salaries to buy and maintain a home in 19% (111) of the 579 counties having enough data for analysis. Residents would have had to spend at least one-third of their yearly income on household expenses in almost 63% of the counties.

“This summer’s home prices were certainly eye-catching, but there are many factors that contribute to the health of a local housing market,” said Rob Barber, CEO of ATTOM. “Our index takes into account key indicators beyond just sales price to create a barometer that helps folks better understand where their market is headed.”

Based on factors like the percentage of homes at risk of foreclosure, the percentage of seriously underwater mortgages, the percentage of average local wages needed to cover significant home ownership costs on median-priced single-family homes, and local unemployment rates, counties were deemed to be more or less at risk.

According to ATTOM’s data, the most dangerous counties have both comparatively high unemployment and foreclosure rates. Regular readers of this post will be familiar with a number of them, especially California counties that have been severely affected by wildfires in recent years.

The riskiest counties were:…READ MORE

The Current Miami Springs Market

DEMAND IS STILL THERE DESPITE HIGHER INTEREST RATES

There are forty-one (41) active listings in the Miami Springs/Virginia Gardens market this week. Demand has slowed and high prices remain, but we are seeing more price decreases on active listings. There is much uncertainty and demand has slowed, but there are still qualified buyers looking for the right property. The right house is still out there. It all depends on pricing, condition, location, and of course, timing. Timing is everything!

There are seventeen (17) active listings over $1 million. Two listings are over $2 million! Almost 50% of the active listings have had a price decrease, five (5) this week. Days on the market (DOM) is averaging around 62. Mortgage interest rates are expected to fluctuate between 6-6.5% the rest of the year. A significant rate cut before the end of the year is unlikely.

Inventory Breakdown:

There is one (1) property under $600,000; five (5) properties are priced between $600,000-$700,000; thirteen (13) between $700,000-$800,000; three (3) between $800,000-$900,000; two (2) are priced between $900,000-$1,000,000; fifteen (15) between $1-2 million; and two (2) are listed for over $2 million.

CALL US FOR AN EVALUATION

During the period of November 28, 2025 through December 5, 2025, there were reported 2 new listings, 1 closed sale, 1 pending sale, 0 active with contract, 1 expired listing, 0 cancelled listing, 0 temp off market, 5 price reductions, and 0 price increases.

HOW DOES YOUR HOUSE COMPARE?

The table below shows the current status of the Miami Springs/VG real estate market as of December 5, 2025. All closed sales are within the last 90 days.

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

 A complete list of all the properties for sale in Miami Springs or any other area of 

Miami-Dade County can be sent to you on regular basis. 

Request it at:  charlie@leonardrealestategroup.com

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