Housing recovery boom, bust states

Viewed through a prism of mortgage delinquencies, foreclosures and new loan originations, some states stand out. Here's a look at the best and worst.

By Gerri Detweiler, Credit.com

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Someone
Mar 12, 2013 9:07AM
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No surprise 4 of the 5 best States were non entitlement junkie States with decent economies and balanced budgets while 4 of the 5 worst were all Obamatron States.
Dr_CEC
Mar 12, 2013 8:36AM
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The six best states - all overwhelmingly majority white people states.  Just an observation.  
Boe Dillard (Quick Boarder)
Mar 12, 2013 6:30AM
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Sweet and their taxes are great because they don't vote like selfish, lazy, entitled idiots!

shawn 3179
Mar 12, 2013 8:54AM
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anybody notice which states were "red" states recovering and which ones were "blue" states dragging the US down. 

     Sorry with the exception of New Hampshire which is on the edge but usually goes blue the republican run states lead the way.

    Mabey the high taxes and excess business regulation actually do hinder job growth, i know because of the high taxes and expanded social programs illinoise (chicago) is a dying town. The unions have run everybody off and nobody (without lots of concessions) will ever set up there.

    The housing is just the results of what we now call the Obama effect, the expansion of social programs and government interference into personal lives and business and the deterioration of society willing to become obligated to government.

Spazzy123
Mar 12, 2013 7:17AM
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I can personally say that ND is booming right now.  A home that would cost  $150,000 in Texas would cost $300,000 in ND.  They were one of the only states left that could afford to give bonuses to its state workers every year despite the economic conditions of the rest of the country. That's what you get with a very republican/conservat​ive state.... something run right!  Many there have no idea how bad it is anywhere else. Many people own a gun and yet they have the lowest crime rates!  How shocking if you are a liberal! However, it can be VERY cold or VERY hot up there.  That is what you get when you are the geographic center of North America.  You will adjust though. A place labeled the Peace Garden state can't be that bad. Trust me.  :)
puppcry
Mar 12, 2013 5:33AM
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It saddened me to see that Illinois ranked among the worst.  It doesn't give me much hope of ever selling my home. Ordinarily, I live in what would be a "prime" location: at the crossroads of four major express ways thirty-five minutes outside of Chicago. We have a great shopping district coupled with a variety of dining. My home is on a cul-du-sac a block away from a large park and an elementary school. In addition, we did major renovations to our 40 year old home in the kitchen, master bath and family rooms.  My home should be cat nip to a young, growing professional family and yet, houses in this area (that are just as updated) have been sitting on the market for as long as five years or more.  As my retirement looms on the horizon, I don't hold out much hope of being able to sell and move to an area where the cost of living will be more in keeping with my soon to be limited income.
Ram2028
Mar 12, 2013 7:39AM
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To have a housing boom, you also need job growth and family formation.  How do these states rank in that area?
jubaksanidiot
Mar 12, 2013 8:07AM
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Nevada, Illinois and Delaware.  Home states of 3 of the 4 "leaders" who are going to save America.
Atroponic
Mar 12, 2013 3:58AM
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Consider the weather and cold factor in most these states mentioned with North Dakaota being  among the coldest. I would have to be part penguin to live there, no thanks.
bcinmn
Mar 12, 2013 9:14AM
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The picture posted for "Reno Nevada" is NOT even Reno - It's New Orleans, LA - Looking South/Southwest down St. Charles Avenue... sheesh.. how hard is it to get a freaking picture right.
Squeaky_Orange
Mar 12, 2013 8:45AM
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Here is another indicator of how well a state will recover. Existing foreclosures, and pre foreclosures. Look...the banks cannot hold unto them forever. The banks WILL take a loss. You can make all the claims you want about the market recovering any day now, but you cannot overcome a certified appraisal. Ever notice how many listing say conventional loan or cash only....IT MEANS THE BANK WANTS WAY MORE THAN THE PROPERTY IS WORTH AND THEY ARE LOOKING FOR AN IDIOT. Real estate isn't like it used to be. The only "location, location, location" that matters anymore are multi million dollar properties that no one can afford. Everywhere else is surrounded by crime and hooligans (yet another side effect of the billionaire bonanza/exploding poor population type America).

 

I sort of give Florida a small break for one reason and one reason alone. Florida remains one of the top destinations for retired and aging Americans and Canadians. Hence, many just end up in Florida, then up and die...then the property goes into foreclosure because they didn't have a will. It happens all the time.

 

Even Florida must clear its foreclosure/preforec​losure backlog, though. Hey Chump, you are going to take a loss no matter what. The longer you wait, the lower the appraisal will be. Give it up. Wish upon a star? Give me a break. There will be no builder willing to put that kind of money into a property in the middle of what may as well be "the hood", either. Blame the city planners all you want or blame yourselves for artificially inflating the market in the first place.

 

Only after the books are clear will there be any real progress into the future. Who is holding up the show? The exact same business that created this mess, that's who.

Getzville 49
Mar 12, 2013 6:10AM
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13 pages for this story. really..
Drew717
Mar 12, 2013 6:42AM
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Another inaccurate survey by MSN that does not include all the necessary criteria and data to properly deduce the best or worse of the many subjects they evaluate out of context.
68ShovelHead
Mar 12, 2013 9:30AM
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So, unless there's an oil boom going on in your area or you live in a high tech industry area basically you will continue to be screwed economically until such industries open up there. So, for the 90% of you who don't already live in such an area don't hold your breath. Yeah, everything is all good everywhere, everythings gonna be alright yada yada yada. The economy is improving my a$$! Welcome to the new Amerika.
unemployed22
Mar 12, 2013 8:34AM
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how can nevada be bad they have gambling and legalized prostution In ohio we were told that gambling is a good thing for the state (yes it give them more tax money to spend
BILOXI BOY
Mar 12, 2013 7:05AM
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THEY HAVE GOOD CREDIT, BECAUSE IN THOSE STATES, 9 MONTHS OF THE YEAR, YOU GO NOWHERE.  WHEN YOU DO, THERE IS NOTHING TO SPEND MONEY ON.

Scootinator
Mar 12, 2013 8:31AM
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I'm suprised that NY DIDN"T make the list.
SpryRaptor
Mar 12, 2013 7:04AM
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I live in Delaware and it ranked near the bottom in this survey. However, my Dad lives near the beach in Sourthern Delaware and his property taxes are <400 a year. Combine that with no state sales tax and you would think this state would be booming. It does appear that most of the better states are in colder climates and they do have higher credit scores. However, as stated below there are a lot of other factors that need to be taken into consideration as well.

 

I would bet the job opportunities in the higher end states is probably better as well. I know North Dakota for sure and I bet some of the others as well.

unkyjack
Mar 12, 2013 8:50AM
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I can't believe you had New Hampshire as one of the BEST,....a place where LIBERALS profess to be conservative.  What a joke.
ManOWords
Mar 12, 2013 10:22AM
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NH ranks well, but PROPERTY TAXES are horrendous - 4th highest in the nation!!  I pay 1/3 of my pay a year $10,000 for properties valued at $228,800 ($7,000) and $3,000 on a mobile valued at $99,000!!  Appalling to say the least and this NH person cannot wait to escape Property Tax Morgage hell in this so-called no tax state - yeah right!  $500/yr to register vehicles, thousands in property taxes; property owners carry the state SOLELY ON THEIR BACKS.  Plus this state is filled with big money wealthy.  If you are small time, average Joe, well expect to go broke if you want a single family home to live in!!   Time to go south - if I'm going to pay out of my azz for taxes, may at least be warm not freezing to death!! 
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