/ Modified jun 14, 2024 11:48 a.m.

Report: Tucson-area housing market at low risk of downturn

The report ranked Pima County among the least vulnerable to price drops in the country.

Tucson, Arizona Real Estate, Realty hero A home for sale in the Sam Hughes neighborhood in Tucson, Arizona.
Jessica Stephens, AZPM

The Tucson area's housing market is among the least vulnerable to a downturn, according to real estate data company Attom.

Its recent report ranked 600 counties in the U.S. on the chances they could see a drop in home prices.

Pima County ranked 524. The only Arizona county that fared better was Maricopa at 533.

The Arizona counties on the list were not mentioned in the report as being high risk. Yuma County had the lowest rank at 114, while the other southern Arizona county on the list, Cochise, came in at 248.

Other Arizona counties mentioned in the report include Navajo (124), Pinal (132), Mohave (288) and Yavapai (294).

The report took into account four metrics from the first quarter of 2024: home affordability, unemployment rates, foreclosure filings and homes that are underwater, meaning they have a mortgage balance higher than their worth.

Attom said counties that fared the worst nationwide were most concentrated in the Chicago and New York City metro areas or inland California.

The full report can be found here.

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