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Homeowners in Decatur are steering clear of foreclosures better than other Central Illinois cities.  Decatur has one of the lowest foreclosure rates in the state.  Champaign's and Daville's is higher

Decatur 16%

Champaign 22%

Danville 18%

But that dosen't mean Decatur is home free.  Basically the housing market is standing on a cliff right now.  The question is will it jump, or stand strong?

The problem is property values are going down.  That can lead to foreclosures.  The hope is that people will stimulate the market by taking advantage of low prices. 

"It's definitely a buyers market," says Karylle Wike.  She works in mortgage lending for Regions Bank in Decatur.  "The values are down a little bit, but I think it will come back in a year or two.  Weare more stable than most areas in the state."

Decatur is a stable market because it doesn't have trendy draws like beaches or mountains. That helps the market stay away from housing bubbles. 

The Decatur Realtor Association says another reason fewer home are reclaimed there is because houses are not overpriced. 

Reported by :  Stacey Morgan/WCIA 3 News.