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9. Texas

Debt as percent of income: 16%
Unemployment rate: 8.2%
Home ownership: 65.3%
Negative equity: 30.6%
Average home price: $183,000
Loan as percent of home value: 68.8%
Percent of U.S. Market: 4.84%

Texas is the largest housing market in the top 10, accounting for 4.84% of the U.S. market. The state scored well on debt as a percent of income, which was 16%, compared to the national average of 27%. Unemployment is 8.2 %, which is below the national average but it’s the second highest unemployment rate in the top 10 after Indiana.

Photo: Thomas Northcut | Photodisc | Getty Images