Homeowners in the New York City metropolitan area are among the most vulnerable to foreclosure nationwide as middle-class wage earners struggle to keep up with surging housing costs, according to a report.
Home valuations that soared during the coronavirus pandemic coupled with the rise of mortgage rates have left average workers struggling to make ends meet.
A study by Attom found that the New York area and Chicago were home to eight of the most 50 at-risk counties where the average wage earner spends between 32% and 45% of their income on housing.
The median home price of the 10 most vulnerable counties ranged from $210,000 to
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