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.
Witold Skrypczak /Lonely Planet Images/Newscom/File
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.
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