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

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

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.

Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

Poor Conditions in Mobile Home Parks Put Residents at Risk
Failing infrastructure, poor water and air quality, and predatory owners endanger the health of manufactured home residents, many of whom are elderly and low-income.

How Complete Streets Stands to Lose in the FY26 ‘Skinny Budget’
The President’s proposed budget could cut key resources for active transportation, public transit, and road safety programs.

Dairy Queen and Rural Third Places
Dozens of Dairy Queen restaurants across Texas are closing, taking a critical community space with them.
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