Foreclosures are spreading across the country like a plague, and there's almost no place worse hit than Las Vegas.
"In this city, particularly in the newer developments outside the Strip, the city's center, there are tens of thousands of homes in or facing foreclosure. A massive boom, speculative buying, lax lending standards and an enormous run-up in home prices over the past decade are now unraveling at a fast pace."
"Two years ago, buyers were so eager to buy homes here they lined up and camped out in front of sales offices. For many years, Las Vegas' population was increasing at a rate of more than 5,000 people a month. To manage demand, builders meted out their homes, and there were lotteries to select bidders."
"Within the basin of greater Las Vegas, the foreclosure rate in October was more than seven times the national average - about one in every 60 homes, according to market research firm RealtyTrac. But more staggering, perhaps, is the fact that half of all homes in the Vegas area are worth less than the loans owed on them. There's more to come: Every month, several hundred more homeowners fall behind on payments."
FULL STORY: Housing Gamble: Vegas Swims In Foreclosures

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

Texas Bills Could Push More People Into Homelessness
A proposal to speed up the eviction process and a bill that would accelerate enforcement of an existing camping ban could make the state’s homelessness crisis worse, advocates say.

USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.

Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.
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