In third-quarter 2009, Las Vegas suffered the nation's highest foreclosure rate at 5.13 percent, or more than one foreclosure for every 20 households -- almost seven times the national average. Investors, who snapped up one of every three homes sold at the boom's height, were gambling on future gains after watching Vegas-area median home prices jump 122 percent from 2000 and 2006 -- twice the U.S. rise of 49 percent in that span.
Losing Home in Foreclosure Won't end Worry
Study: Millions Not Paying Their Mortgages
Lessons From the Crash
What Can You get at Median Price? (REUTERS/Ethan Miller)