1/2 of Nevada Homeowners Upside Down
Quotes from video:
"In fact, the Center for Business and Economic Research says about 50-percent of all homeowners in Nevada are upside down. That means half of the homes are now worth less than the mortgage."
"Virtually all neighborhoods in the Las Vegas area show the signs of recession. In some cases, 30-percent of the homes in a neighborhood sit in foreclosure. The huge number of them pulled prices down 34-percent from the peak house value. Nevada ranks second in the nation, only to Phoenix, in that category."