Housing Bottoms Out in Vegas

摘要

Amid the housing boom and subsequent bust, no place in the country heaved up more extreme real estate behavior than Las Vegas. During the first six months of 2009, the city racked up the highest rate of foreclosure of any major metropolitan area in the U.S., according to RealtyTrac. Citywide, 1 in 13 properties had fallen into foreclosure, more than six times the national average. And by 2009 no place in Las Vegas had evolved into such a baroque and extravagant set piece of housing horrors as the Meridian Private Residences.