Every quarter, the FDIC analyzes each state and produces a state profile  that summarizes the state of banking and the economy in the state. This is important in these times because a housing boom supported by an increase in income and jobs is one that can be sustained. A housing boom supported by speculators and investors stands a higher likelihood of crashing. Be sure to read your own state along with California , where the housing market is ridiculous, and Texas , which hasn’t been a part of the housing boom, for a comparison.
Much thanks to Calculated Risk  for blogging about the FDIC’s reports.