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May 04, 2007

Subprime mortgage fallout starting to hit the West

High Country News (subscription required) says 21 percent of real estate licenses in Nevada, the state with the nation’s highest foreclosure rate, are inactive.

As I’ve blogged previously on this issue, this could be, at least in Nevada, the start of a “domino effect.” Unemployed real estate agents don’t buy “power salesperson” cars, etc.

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