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24/7 Wall St.: The 10 Markets with the Most Empty Homes

10. Las Vegas, Nev.

Vacancy rate: 5.8%
Median price per square foot: $73
Unemployment: 11.5%

It is not surprising that Las Vegas, the poster child of the housing downturn, adds high vacancy rates to its litany of problems with overbuilding and high foreclosure rates. Between peak and trough, Las Vegas housing prices plummeted by 60.4%. This decline in home values in Las Vegas and other housing markets in the state have contributed to Nevada being the only state in the country where the total worth of homes is less than the total amount owed on these homes.

(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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