Las Vegas Has Most Homes Underwater
This CNBC.com slideshow puts Las Vegas at the epicenter of the housing meltdown.
In Las Vegas-Paradise, NV, 67.2% of homes are underwater with negative equity. In the past 12 months, 46.9% of sales were foreclosures and 6.5% were short sales. In the past year prices have dropped 30.3%. They are down 49.3% from the market peak.
There are some great investment opportunities in that town as long as the economy doesn’t sink much lower. Look how close it is to the Lake Mead National Recreation Area.
Click through the slideshow to see where other great opportunities in the housing market are located.
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