Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

5 of 6
BACKNEXT
Slowing: Houston
Foreclosure rate: 1 for every 153
Change from 2008: Down 31.3%

Despite the city's rapid growth, constant building to feed the demand kept home prices affordable all through the boom. The median price for a home sold during the first three months of 2009 in Houston was still only $138,500, according to the National Association of Realtors. Homebuyers did not need to rely on toxic mortgage products, which carry high default risks.

Future foreclosure risk: Low. Even though delinquency rates crept up recently, they're still a lot lower than the national average. Plus, the number of repossessed homes for sale has actually dropped since a year ago, according to First American CoreLogic. Buyers are snapping up foreclosed homes, keeping the housing market strong. A growing population also helps. "Strong demand moderates risk," said Fleming.

NEXT: Slowing: Boston
Last updated August 13 2009: 6:12 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Source: RealtyTrac
More Galleries
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
The 7 biggest investment mistakes celebrities make From betting too heavily on real estate to overestimating future earnings, here are 7 of the most common money mistakes that celebrities make. More
Cotton candy, toothpicks, pet gel -- these products are all made from marijuana Legal cannabis, an estimated $5.4 billion industry, is drawing in entrepreneurs with a variety of innovative products -- from skin patches to pain relief gel for pets. More

Special Offer