A growing number of U.S. housing markets face elevated risks from high foreclosure rates, underwater mortgages and rising costs, according to a new report.

ATTOM analyzed 579 counties nationwide for its second-quarter Housing Risk Report — with ranking criteria including affordability, foreclosure activity, mortgage equity and unemployment.

California and Florida counties were heavily represented among the nation’s most vulnerable markets.

Of the 50 riskiest counties, 14 were in California and seven were in Florida. New Jersey had five and Louisiana had four.

The five counties ranked as most at risk were Charlotte County, Fla.; Humboldt County, Calif.; Shasta details ⇒

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