Las Vegas Mansions Deserted As Foreclosure Pain Spreads

Vegas Foreclosures Still

A growing number of high-end homes are selling at a loss or facing repossession by lenders in Las Vegas, which already has the highest rate of foreclosure filings among large U.S. cities.

The wave of defaults that began with subprime borrowers and the unemployed has spread to upscale homeowners who see no point of staying even if they can afford to. Bloomberg's Monica Bertran reports.

Source: Bloomberg