Real Estate is Scarier than Fiction

Las Vegas has been named the #1 Riskiest City for Homeowners in the U.S.  In Las Vegas, 8.70% of the homes are in foreclosure. That's terrible enough, but what's worse is the additional 9.86% of home loans that are 90+ days delinquent. That's more than double the average delinquency rate (4.4%) in the 100 biggest cities in the U.S. Almost 1 in 5 homes in Las Vegas is in foreclosure or soon will be. The real estate double dip is officially underway.