How Bad Is Nevada?

Daniel Indiviglio takes a look:

It's sort of staggering to think about how many foreclosures are
occurring in Las Vegas. First, there's the awful one in 15 homes
statistic. That accounts for an amazing 6.60% of all housing units in
the metro area. And remember, this was just over a six-month period.
The glimmer of hope is that this actually isn't the worst the city has
seen. In fact, foreclosures are down 14.73% compared to the prior half,
and 8.80% lower than the same period in 2009.

Ryan...