These are the 10 states with America's most stable housing markets
These are the 10 states with America's most stable housing markets
Abstract
Because companies consider the local housing market in their location decisions, CNBC's America's Top States for Business study gauges the health of each state's housing market as part of the broader Economy category, which is worth 13% of a state's overall score under this year's methodology. 2022 Economy Rank: No. 33 Appreciation: 20% Starts per 1,000 population: 3.2 Foreclosure rate: 1 in 13,930 housing units Underwater mortgages: 1.1% Tennessee has the second strongest overall economy in the nation, and its strong and stable housing market is a big reason why. 2022 Economy Rank: No. 2 Appreciation: 24.1% Starts per 1,000 population: 8.2 Foreclosure rate: 1 in 2,797 housing units Underwater mortgages: 2.9% Idaho's housing market has been going gangbusters for some time now. 2022 Economy Rank: No. 5 Appreciation: 27% Starts per 1,000 population: 10.5 Foreclosure rate: 1 in 6,015 housing units Underwater mortgages: 1.6% Texas' population gains are helping fuel a housing boom, but one that is not getting out of hand. 2022 Economy Rank: No. 8 Appreciation: 19.3% Starts per 1,000 population: 8.9 Foreclosure rate: 1 in 2,326 housing units Underwater mortgages: 2.5% It's almost all sunshine and light in Florida's housing market. 2022 Economy Rank: No. 4 Appreciation: 25.7% Starts per 1,000 population: 9.6 Foreclosure rate: 1 in 1,211 housing units Underwater mortgages: 1.4% Washington's impressive run of economic growth has kept its housing market among the hottest in the nation for several years now, defying predictions of a crash. 2022 Economy Rank: No. 3 Appreciation: 20.1% Starts per 1,000 population: 7.3 Foreclosure rate: 1 in 4,965 housing units Underwater mortgages: 1.2% No matter how you look at it, the housing market in the Beehive State is buzzing.
