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.