Here is a graphic from the Las Vegas Sun showing where the foreclosures have been taking place. Foreclosures are more directly tied to high purchase prices rather than employment only since once a household is deeply upside down, especially when they owe 40% or more than the home is worth, there propensity to pay the note falls dramatically. This is irregardless of their employment situation.

The areas like Mountains Edge, Aliante and Providence were recent masterplans and naturally anything built during the 2004 to 2007 years is going to have a lot of walking away. The age of the homes is also a reason why some good buys are available in these areas. These are modern styled, recently built homes and there are several configurations to choose from. I always recommend a home inspection but there are certainly fantastic homes out there.