We saw from 2010's foreclosure numbers that defaults continue to rise in states not as affected by subprime mortgages, as unemployment begins to drive credit problems. But does that mean those traditional epicenters of the housing collapse will improve? Not exactly, says Steve Kerch at Marketwatch. They'll still have trouble due to severe joblessness, while those with relatively low unemployment rates will begin to rebound. The state that will bounce back the quickest? Hint: you probably don't want to move there:
North Dakota has the lowest mortgage delinquency rate of any state, just 0.9%. It also has shown the best home-price performance of any state, with values up 7.2% from the peak of everyone else's boom in 2005 to what was a trough for everybody else in 2010.Only Texas, Vermont and South Dakota also reported gains over that time.
The category the state did not lead was unemployment, which at 7.5% was just about double that of its southern neighbor South Dakota, which at 3.7% boasted the lowest rate.
Read the full story at MarketWatch.
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