The magazine attributed their relatively speedy recovery to San Antonio's and Austin's high number of city jobs, Dallas' thriving technology business and Houston's energy sector, as well as the state housing market's ability to remain sound while other states' markets collapsed.

"Texas didn’t have as big of a boom," said Dr. Jim Gaines, research economist at the Real Estate Center at Texas A&M University. "So we're not having anywhere near the kind of bust."

El Paso and McAllen-Edinburg-Mission were also placed within the 100 fastest-recovering MSAs, ranking 43rd and 48th, respectively.

Forbes ranked the country's 100 largest MSAs according to each area's September unemployment rate and foreclosures, gross metropolitan product, home prices and sales rates.