Wednesday, September 28, 2022
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Homebuyers and Dover Officials push back on report that finds Kent County as 4th most vulnerable housing market in US

DOVER, Del.- Dover Officials and Real Estate companies are pushing back on a Bloomberg report that ranked Kent County as the 4th most vulnerable in the nation for a housing market downturn. Kent County was beaten out by 3 New Jersey counties that border New York City and was placed above three similar counties in the Chicago area.

The report, compiled by Attom research, looked at mortgage delinquencies, default rates, median home prices, and area incomes when determining the assessment. David Schmidt of Delmarva Dave Homebuying company says the problems that the report tackles do exist in the county. Still, he does believe those issues make the county as vulnerable to a price dip as the report finds.

“Although the demand is down from the peak, and interest rates are slowing the market I don’t see it that housing values just fall off a cliff,” he said adding…

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