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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. Redfin’s analysis of housing markets in the 98 U.S. With the market already slowing from its pandemic peak, Redfin analyzed which metros are most susceptible to home-price declines if the country officially enters a recession–and which are most resilient to an economic downturn. housing market slowed considerably in the spring, with 5.5%-plus mortgage rates sending many buyers to the sidelines and cooling competition.

This is according to a new report from Redfin ( ), the technology-powered real estate brokerage, which also found that relatively affordable northern metros are most resilient in the event of a recession. (NASDAQ: RDFN) - Popular migration destinations where home prices soared during the pandemic are 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. Still-affordable Rust Belt metros like Cleveland and Buffalo are most resilient. Riverside, Boise, Phoenix and Tampa are among the markets where homeowners stand to lose some of the value they gained over the past two years.