Mortgage risk (or not)
The company said it based its ranking of Baltimore on a below-average foreclosure rate, a low unemployment rate and "solid" wage growth.
Never let it be said the Wonk does not pass along good news. (On the other hand, there are several Florida metro areas on the least-risk end of the scale, so the state of the local housing market must not weigh too heavily in the calculation.)
Read on for First American's ranking of the most and least risky of the 100 largest markets it tracks -- and wave to our neighbors to the south.
Highest-risk markets
1. Detroit, Mich.
2. Warren, Mich.
3. Youngstown, Ohio
4. Dayton, Ohio
5. Toledo, Ohio
6. Cleveland, Ohio
7. Grand Rapids, Mich.
8. Memphis, Tenn.
9. Akron, Ohio
10. McAllen, Texas
Lowest-risk markets
1. West Palm Beach, Fla.
2. Orlando, Fla.
3. Ft. Lauderdale, Fla.
4. Norfolk, Va.
5. Washington, D.C.
6. Phoenix, Ariz.
7. Bethesda, Md.
8. Richmond, Va.
9. Salt Lake City, Utah
10. Honolulu, Hawaii
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