Jan 292010
 

Foreclosure City for 2009 – 2010

Vegas Stripped


The new wave of foreclosure filings is tied more to the economy than bad mortgages. That means its spread beyond the bubble markets such as Las Vegas and Southern California.




As in many Western cities, the real estate market was quite volatile during the boom. The median home price jumped during 2003 to its peak in 2006, according to the Wells Fargo-National Association of Home Builders housing opportunity index. Since then prices have dropped more than 32%.


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