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
The 10 most valuable global brands Apple has the most valuable brand in the world, up 67% over the last year, according to a BrandZ ranking. More
A life's work: Photos by Mary Ellen Mark The subjects of Mary Ellen Mark's photography ranged from celebrities to world leaders to those at the fringe of society, including prostitutes and the homeless. More
The 8 biggest job-killing companies Unemployment is at its lowest level since 2007, but some companies are still cutting lots of jobs. More

Special Offer