While most states are scampering over how to contain the effects of the financial crisis, Wyoming on the other hand is easily beating the impacts of the slowdown through its booming natural gas industry. It has supported employment and commercial growth throughout the state that left its property market minimally scathed by the credit crunch.

Wind energy has also been tapped to increase the state’s growth potential. It’s a timely plan for the Cowboy State as developments that promote green initiatives are prioritized by the government these days. Wind energy systems firms are also targeting homes that will be transformed into cost-effective, environment-friendly units.

However, the real estate sector has fallen short of the state’s bright expectations. It’s one proof that industrial progress will spur solid property values that is backed by higher demand. The country’s recession is as severe as anyone can think of. In fact, only raw land prices are gaining stability and not the residential properties that influence market trends.

In Buffalo, coal-bed methane drilling spurred the growth of jobs in the city. But in 2006, production turned sluggish due to the fall in mining permits. The real estate situation has been affected and the city did not go with the hyped construction of homes during the boom. This year, this small Johnson County city will only lose home values by 1.5 percent.

At the north end of the Laramie Mountain Range, Casper has become a hub of petroleum refinery, banking, insurance and business services in the state. There was a surge in home construction prior to the real estate fiasco but the downturn was a drab period for the market. RealtyOutlook.com expects this Natrona County city’s home values to deflate by 3.5 percent.

Lander’s government offices employ thousands of workers who are more secured in their employment compared to others in manufacturing and tourism industries. Energy companies are also seminal in the city’s progress. The real estate market will remain secured from adverse price drop with just a 2 percent depreciation for the year.

In Jackson Hole, the tourism industry is a major contributor to the valley’s economy. Visitors of the Yellowstone National Park and National Elk Refuge provide revenues and employment. Ski resorts and ski schools are also popular attractions.

The real estate situation has been affected by the national recession in this west-central area of the state. Weak home sales will linger throughout the year and may take a longer period to recover. RealtyOutlook.com projects a 12.5 percent fall in home prices in 2009.

Cheyenne has had a slower growth than other cities but on the bright side, it has not waned since the crisis erupted. Total employment is also on the rise in this western town and attracted a great number of people to relocate. Mortgage providers are also less tight compared to other lenders, providing potential for a surge in home sales despite a slowdown in consumer confidence. RealtyOutlook.com expects home values to fall by 3.5 percent without the risk of subprime mortgages.