housing-meltdown

Think it’s bad here? Las Vegas is having a housing meltdown.

How about these January stats from Las Vegas via DataQuick …

*Median price paid fell to $159,000 in January – down 38% in a year.

*Foreclosures’ share of the resale market hit 73%

*Median price has fallen on a year-over-year basis for 21 consecutive months.

*Median price is 49% below the peak of $312,000 in November 2006.

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