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  • Map of U.S. Foreclosure Activity [View article]
    The Nevada map is interesting. Clark County (Las Vegas) is represented, but Nye County is too. Nye County is largely rural, and has only one town of any size--Pahrump. Pahrump is an exurb of North Las Vegas, and with fuel rising, people have been moving closer to Vegas and abandoning properties in Pahrump. The population is quite small, so the impact of the move-outs is more dramatic.

    Another county that's highlighted is Lyon County, south of Carson City. That locale is also principally rural, and was developed as a bedroom community for government employees. With state government facing a hiring freeze, development dollars gone, and mortgage dollars harder to find, it's not surprising.

    What would be interesting would be to look at this map in another six months to see how many of the pink counties turn to red.
    Aug 15 11:49 am |Rating: 0 0
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