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These 10 US cities are the least likely to see a housing downturn in the next recession.
- An analysis by Redfin found the 10 housing markets that are the least likely to see a downturn in the next recession.
- The study measured each metro area on seven variables.
- The four main, highest-weighted variables include: the ratio of median home sale prices to median household income, the ratio of the average home loan to the average home value, year-to-year home price volatility, and the number of flipped homes that have been sold twice within 12 months.
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In the midst of the United States' ongoing trade war with China, talks of a looming recession have been floating around the media - and it's making some wary about investing in the housing market.
When it comes to real estate, several factors help forecast which housing markets will be the most vulnerable and which will be the strongest when the next recession hits - whether that be now or ten years from now.
A recent analysis by Redfin looked at major metro areas across the US and found the 10 that are the least likely to see a housing downturn in the next recession.
Read more: The 10 US cities most vulnerable to a housing downturn when the next recession happens
The study measured each metro area on four main variables: the ratio of median home sale prices to the median household income, the ratio of the average home loan to the average home value, year-to-year home price volatility, and the number of flipped homes (homes that have been sold twice at different prices within 12 months). These four variables each held the same weight and were the most weighted factors in the study.
There were three other, less weighted, variables measured in the study: the diversity of local employment, the share of the local economy that is dependent on exports, and the share of local households headed by someone 65 or older. The weight of each variable remained consistent throughout the study. You can read more on the methodology and the weight of each variable here.
Keep reading to see which 10 metro areas are the least likely to see a housing downturn in the next recession, ranked in order of decreasing risk.