Housing Market Improving in Alaska, Iowa, North and South Dakota

The housing market is hurting nationally, but it appears to be marching toward recovery in a handful of mostly rural states, economic forecasters say.

The states — including North Dakota, South Dakota, Iowa and Alaska — have economies more dependent on the energy, industrial or agricultural sectors, stronger parts of the U.S. economy. Their home prices, in general, didn’t rise as much as in other states in the boom years, so they’ve fared better in the wake of the crash. Their unemployment rates tend to best the national average.

“Housing is a mess all over the place, but it’s less of a mess in some places,” says Jim Diffley, regional housing economist for IHS Global Insight.

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