No state has been hit harder by the housing downturn than Nevada. Between the end of 2006 and the end of 2011, home values have tanked nearly 60 percent, higher than any other state by 7.2 percentage points.
By Samuel Weigley & Michael Sauter, 24/7 Wall St.
The housing market is projected to improve in the coming years -- albeit slowly. While we are a long way to full recovery, the signs are there. Indeed, according to a CoreLogic report released this month, the number of underwater mortgages has declined from 12.1 million, or 25.2 percent of all mortgages, at the end of 2011 to 11.4 million, or 23.7 percent of all mortgages, at the end of the first quarter of 2012.
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