Expert names the housing market that's 'ground zero' for a crash as recession fears worsen

New Photo - Expert names the housing market that's 'ground zero' for a crash as recession fears worsen

The housing crisis is getting worse more quickly in some areas of the US than others, with one major metropolis being named as the first place to see an oncoming crash. As fears of a recession grow, the once-booming Austin, Texas, is going to be the very first market to hit rock bottom. That is according to Nick Gerli, CEO of real estate analytics platform Reventure App. 'The first market to bottom in this housing downturn will be Austin, TX.

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