Top 5 cities with the fewest foreclosures
Home foreclosures rose last year. From December 2009 to December 2010, the average rate for America's cities went up from 4.9 percent to 5.6 percent. This represents a huge economic drag across a wide swath of the United States. But in some places, foreclosures are barely noticeable. Here are the five cities with the lowest home foreclosure rates in the US, according to a study by Foreclosure-Response.org.
5. San Angelo, Texas – 1.5% foreclosure rate
From its humble beginnings as a frontier outpost, San Angelo was home to a famous African-American military unit known as the Buffalo Soldiers. In the 20th century, San Angelo boomed as an oil town. Today, still buoyed by the oil industry as well as a strong health-care industry, its claim to fame could very well be its low foreclosure rate. At 1.5 percent, it’s the fifth lowest rate in the country.