The Lone Star State has been the place to be for homeowners during the Great Recession. Nine of the 10 metro areas with the greatest home-price increases since the peak of the housing market (in mid 2006) are in Texas. The state largely missed the housing runup—so it had no bust. (Home prices in Texas last took a major hit during the oil bust of the late 1980s.) Still, prices began to slip in 2009 because of the recession. The slide show begins with the navigation bar to your right:
- Percentage of change in home price since the peak reflects the period from July 1, 2006 to June 30, 2010.
- One-year percentage of change in home price reflects
the period from July 1, 2009 to June 30, 2010.
- One-year forecast change in home price ends June 30, 2011.
- Unemployment rate is as of September 2010. The
national rate was 9.6%
- Foreclosure rate is as of the third quarter of 2010.
Sources: Fiserv Case-Shiller, Federal Housing Finance Agency, National Association of Realtors, Moody’s Ecnomy.com, Bureau of Labor Statistics, RealtyTrac
By Pat Esswein
Compiled by Amy Pollak
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