Florida Rated Fourth-Worst State for Housing Recovery

Market Watch rated the states most likely to recover from the housing crisis the fastest and the slowest last week, and the Sunshine State was ranked as the fourth-slowest state.

Florida's 6 percent mortgage delinquency rate, 11.7 percent unemployment rate and 46.9 percent slide in home prices since the housing bubble burst were cited to explain the state's snail-like recovery.

Unsurprisingly, states with high foreclosure rates like Nevada, California and Michigan also found themselves on the slow road to recovery. North Dakota, South Dakota, Iowa, Nebraska and Oklahoma were rated as the states likely to recover the quickest.