Tom Brakefield

Nevada

Metro: Las Vegas-Paradise
What a Home Will Be Worth in 2012: $184,917
Q4 2008 price: $212,000
Projected price change by MSA: -12.8%
Projected price change by state: -15.0%

Because of overdevelopment, Las Vegas-Paradise metro has been one of the worst-hit markets of the housing downturn. On top of a 33% drop in 2008, prices are expected to fall an additional 24% this year.

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