Laurie - Yes Vegas ranks highest in some areas, but Vegas also has an economy that will be one of the first to recover. Vegas has over $15 billion of active development on the Strip alone and will gain over 42,000 new hotel and condo-hotel rooms over the next 5 years. More rooms means more jobs. In fact, each room is estimated to generate over 2 jobs in the Vegas area. More jobs means more people and more people create more demands on housing.
Vegas does have a ton of forelcosure, but Vegas will create housing demands that will bring Vegas out of this slump faster than virtually any where else in the nation. If you want more information on the Vegas area, please call me at (702) 283-1960.