Las Vegas Forclosures take #1 spot

Las Vegas Real Estate has seven of the top ten zip codes hardest hit by the housing melt down. In the recent years, Las Vegas Real Estate market has been taking a dive due to the rising amount of foreclosures. This city has now taken the number 1 spot as the location hardest hit by the Mortgage Meltdown crisis, and the word is the title won't be taken away anytime soon with more loans do to reset spring 2008.
Unlike old Midwestern industrial cities like Detroit and Cleveland heavily hit by foreclosures do to job losses, Las Vegas foreclosures stem from the unaffordable terms of the mortgages themselves, rather than the economic climate of Las Vegas
What does this mean? It means Las Vegas Real Estate is on sale!! You will see a lot more homes slashed in prices, Real Estate auctions giving away deals, banks accepting offers you never thought they would, and homeowner's previous homeowners wishing they had a chance to buy NOW. When this economic storm is over, it is going to be a buying frenzy once again. The question is when is that going to be?