The foreclosure problem is has been so bad here that Las Vegas, North Las Vegas, Henderson, and Clark County are teaming up to best get and use Federal stimulus money.

People who signed up to buy condos in the City Center project are not very happy right now. They bought near the top of the market, and prices in general have plunged 52% since then according to Case and Shiller. Worse yet, many of the people who bought high and early were MGM executives and high rollers. Ouch.

This is more interesting than bad, but the nice folks at Rain City Guide wonder about the wisdom of spending lots of money on rooms your family doesn’t even use.

Office vacancy is up to 15.9%, and apartment vacancy rates are at at 22 year high.

And mortgage fraud is is up… or at least awareness of it is.

If you want the good news too, come back tomorrow for Friday Figures. I will be focusing on year-over-year figures. Except for the drop in prices, things aren’t that bad.