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
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More
10 most expensive cars sold at Pebble Beach auctions When cars are sold where the wealthiest car collectors gather, prices can go sky high. More
Top boutique hotels for business travelers These are some of the top boutique hotels used by business travelers, according to data from Booking.com. More

Special Offer