{"id":1558772,"date":"2022-07-18T06:00:11","date_gmt":"2022-07-18T10:00:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1558772"},"modified":"2022-07-18T06:04:57","modified_gmt":"2022-07-18T10:04:57","slug":"the-ten-states-with-the-most-stable-housing-markets","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-ten-states-with-the-most-stable-housing-markets\/","title":{"rendered":"The Ten States With the Most Stable Housing Markets"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthe-ten-states-with-the-most-stable-housing-markets%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1558772&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<div class=\"TopBanner-container\" data-top-banner-placeholder=\"true\"><\/div>\n<\/div>\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<header id=\"SpecialReportArticle-PageHeaderWithTuneInText-2\" class=\"PageHeaderWithTuneInText-container PageHeaderWithTuneInText-isSpecialReport\" data-test=\"pageHeaderWithTuneInText-0\" data-analytics=\"SpecialReportArticle-pageHeaderWithTuneInText-2-0\">\n<div class=\"PageHeaderWithTuneInText-main\"><a href=\"https:\/\/www.cnbc.com\/americas-top-states-for-business\/\"><img decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106908511-1626124336194-top-states.png?v=1626124346&#038;h=80\" class=\"PageHeaderWithTuneInText-logoImg HeaderImage-regularImage\" alt=\"Top States for Business\" \/><\/a><\/p>\n<\/div>\n<nav class=\"PageHeaderWithTuneInText-subNav\">\n<\/nav>\n<\/header>\n<\/div>\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\">\n<div class=\"RenderKeyPoints-keyPoints\" id=\"SpecialReportArticle-KeyPoints-5\" data-test=\"keyPoints-1\" data-analytics=\"SpecialReportArticle-keyPoints-5-1\">\n<div class=\"RenderKeyPoints-wrapper\">\n<div class=\"RenderKeyPoints-list\">\n<div>\n<div class=\"group\">\n<ul>\n<li>Rising mortgage rates, a reflection of the Federal Reserve\u2019s efforts to curb inflation, are roiling the U.S. housing market.<\/li>\n<li>Many forecasters now believe the market could cool considerably following years of explosive growth. Some states will fare better than others.<\/li>\n<li>Because companies seek locations where the housing situation will be attractive to employees, CNBC\u2019s America\u2019s Top States for Business study considers the health of each state\u2019s housing market.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ArticleBody-articleBody\" id=\"SpecialReportArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"SpecialReportArticle-articleBody-6-2\">\n<div class=\"group\">\n<p>The three most important things in real estate: location, location, location. And the U.S. real estate market is in a weird place right now.<\/p>\n<p><a href=\"https:\/\/www.freddiemac.com\/pmms\" target=\"_blank\" rel=\"noopener\">Mortgage rates<\/a> are nearly double what they were a year ago, reflecting the Federal Reserve&#8217;s campaign to rein in inflation. But they have also been <a href=\"https:\/\/www.cnbc.com\/2022\/07\/06\/mortgage-demand-sinks-even-as-rates-drop.html\">volatile<\/a>, including some sharp declines from week to week.<\/p>\n<p>Home prices remain stuck at historic highs with bidding wars reported in some places, even as the <a href=\"https:\/\/www.cnbc.com\/2022\/06\/30\/housing-shortage-starts-easing-as-listings-surge-in-june.html\">inventory of homes for sale begins to grow<\/a> and housing markets across the country, including some of the biggest in the states below, begin to cool.<\/p>\n<p>Where is everything heading? Realtor.com recently revised its 2022 <a href=\"https:\/\/www.realtor.com\/research\/2022-national-housing-forecast-midyear-update\/\" target=\"_blank\" rel=\"noopener\">forecast<\/a>, now calling for sales to decline by 6.7% this year. Forecasters previously called for a 6.6% increase. But even if the new forecast holds true, it would still be the second biggest sales year since 2007, only trailing last year.<\/p>\n<p>As always, some states will fare better than others. Because companies consider the local housing market in their location decisions, CNBC&#8217;s <a href=\"https:\/\/www.cnbc.com\/americas-top-states-for-business\/\">America&#8217;s Top States for Business<\/a> study gauges the health of each state&#8217;s housing market as part of the broader Economy category, which is worth 13% of a state&#8217;s overall score under this year&#8217;s <a href=\"https:\/\/www.cnbc.com\/2022\/06\/13\/how-we-are-choosing-americas-top-states-for-business-in-2022.html\">methodology<\/a>. The housing metric considers year-over-year price appreciation, new construction per year, as well as foreclosures and insolvency in the first quarter.\u00a0<\/p>\n<p>Looking for a safe place to ride out a potential housing storm? These ten states are the most stable.<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">10. South Dakota<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107087532\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">Deadwood, South Dakota<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">John Elk | The Image Bank | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>A solid economy in the <a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-south-dakota.html\">Mount Rushmore State<\/a> has prices rising steadily. Foreclosure activity is very low, but a rising level of underwater mortgages could foreshadow some cracks below the surface.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 12 (Top States Grade: B-)<\/p>\n<p><strong>Appreciation:<\/strong> 20.1%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 8.8<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 17,724 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 4.8%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">9. South Carolina<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-106944183\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Micah Green | Bloomberg | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Inventory is still historically tight with bidding wars still common in many <a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-2022-south-carolina.html\">South Carolina<\/a> markets, and prices still steadily increasing. But new construction is surging and stress on existing loans is under control.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 13 (tie) (Top States Grade: B-)<\/p>\n<p><strong>Appreciation:<\/strong> 21.4%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 9.5<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 1,081 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 3.4%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">8. Arizona<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-101003971\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A worker builds a new home at a housing development in Phoenix, Arizona.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Justin Sullivan | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Prices are surging here more than any other state. But new construction is booming too, helping to ease <a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-arizona.html\">Arizona<\/a>&#8216;s inventory crunch. Rising foreclosures are a potential cause for concern, but home equity is solid.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 22 (tie) (Top States Grade: C-)<\/p>\n<p><strong>Appreciation:<\/strong> 27.4%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 9<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 1,861 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 1.4%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">7. Vermont<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107087541\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A traditional house in Vermont.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Gerard Sioen | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>The Green Mountain State continues to benefit from new residents seeking refuge from the big cities. Home prices are rising at healthy clip, and mortgages are beyond healthy. New construction, however, is not keeping pace, and the overall economy in <a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-vermont.html\">Vermont<\/a> is sluggish.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 33 (Top States Grade: D+)<\/p>\n<p><strong>Appreciation:<\/strong> 20%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 3.2<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 13,930 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 1.1%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">6. Tennessee<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107087557\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A house in Nashville, Tennessee.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Isabella Pino | Universal Images Group | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-tennessee.html\">Tennessee<\/a> has the second strongest overall economy in the nation, and its strong and stable housing market is a big reason why. Home prices are surging along with economic output. New construction is healthy, though foreclosures and underwater mortgages are starting to creep up.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 2 (Top States Grade: A+)<\/p>\n<p><strong>Appreciation:<\/strong> 24.1%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 8.2<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 2,797 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 2.9%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">5. Idaho<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107087571\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A &#8216;New Homes&#8217; sign near the CBH Homes Copper River Basin Community in Nampa, Idaho, Oct. 19, 2021.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Kyle Green | Bloomberg | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-2022-idaho.html\">Idaho<\/a>&#8216;s housing market has been going gangbusters for some time now. Buying a home in the Gem State is not for the faint of heart. But new construction is slowly starting to relieve the inventory squeeze. Rising foreclosure are a potential warning sign if the economy tips into a recession.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 5 (Top States Grade: A)<\/p>\n<p><strong>Appreciation:<\/strong> 27%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 10.5<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 6,015 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 1.6%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">4. Texas<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107087575\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Jordan Vonderhaar | Bloomberg | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-texas.html\">Texas<\/a>&#8216; population gains are helping fuel a housing boom, but one that is not getting out of hand. New homes for those new residents are springing up fast, and home equity is good.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 8 (Top States Grade: A-)<\/p>\n<p><strong>Appreciation:<\/strong> 19.3%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 8.9<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 2,326 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 2.5%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">3. Florida<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107072501\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">Single family home available sign in St. Cloud, Florida.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Jeff Greenberg | Universal Images Group | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>It&#8217;s almost all sunshine and light in <a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-2022-florida.html\">Florida<\/a>&#8216;s housing market. Prices are jumping, but so are construction crews. Rising foreclosure rates in a state known for its boom-and-bust cycles could be a cloud on the horizon.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 4 (Top States Grade: A)<\/p>\n<p><strong>Appreciation:<\/strong> 25.7%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 9.6<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 1,211 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 1.4%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">2. Washington<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-106883586\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A &#8220;For Sale&#8221; sign is posted outside a residential home in the Queen Anne neighborhood of Seattle, Washington, May 14, 2021.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Karen Ducey | Reuters<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-washington.html\">Washington<\/a>&#8216;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. A shortage of new construction is probably keeping prices high, and raising continued concerns about how stable the market is.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 3 (Top States Grade: A)<\/p>\n<p><strong>Appreciation:<\/strong> 20.1%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 7.3<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 4,965 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 1.2%<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">1. Utah<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-106895804\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">A worker uses a Volvo AB excavator to build a road during residential construction in Saratoga Springs, Utah.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">George Frey | Bloomberg | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>No matter how you look at it, the housing market in the Beehive State is buzzing. Prices are rising at the second highest rate in the country, but with the nation&#8217;s fastest pace of new construction, plenty of new inventory is on the way in <a href=\"https:\/\/www.cnbc.com\/2022\/07\/13\/top-states-for-business-utah.html\">Utah<\/a>. Foreclosures are manageable and home equity is strong in the top housing market in the nation.<\/p>\n<p><strong>2022 Economy Rank:<\/strong> No. 6 (Top States Grade: A)<\/p>\n<p><strong>Appreciation:<\/strong> 27.1%<\/p>\n<p><strong>Starts per 1,000 population:<\/strong> 12.2<\/p>\n<p><strong>Foreclosure rate:<\/strong> 1 in 2,063 housing units<\/p>\n<p><strong>Underwater mortgages:<\/strong> 1.4%<\/p>\n<p><em>Data Sources: CNBC America&#8217;s Top States for Business study, Federal Housing Finance Agency, U.S. Census Bureau, ATTOM Data Solutions.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rising mortgage rates, a reflection of the Federal Reserve\u2019s efforts to curb inflation,<\/p>\n","protected":false},"author":1,"featured_media":1652009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1558772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1558772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1558772"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1558772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1652009"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1558772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1558772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1558772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}