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Thursday, March 17, 2011

Nevada's boom ends in record number of empty homes

Contractor Alan Ackerly, right, helps unload shelving from a truck while on a job site in this photo taken, Thursday, March 3, 2011, in Las Vegas. Ackerly and his wife walked away from their home which was worth less than what he owed on it. Ackerly?s house is now among a growing crop of empty residences in Nevada, where a mighty boom has dissolved into a sink pit of foreclosures, bankruptcies and abandoned homes. Vacant homes more than doubled to 167,564 in the Silver State from 2000 to 2009, according to newly released U.S. Census data. (AP Photo/Julie Jacobson) The promise of palm tree groves and low-priced real estate lured Alan and Katherine Ackerly across the Rocky Mountains from Denver to Nevada in 2004, where thousands of new houses beckoned brightly as any neon sign.




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