10 cities to pick up cheap distressed properties

In December, 16.2% of all home sales involved distressed properties, according to a recent report. These homes were sold at an average discount of nearly 40% when compared with conventional nondistressed homes. In Las Vegas, 41% were distressed. We also reviewed income and poverty figures from the U.S. Census Bureau for 2012, as well as seasonally adjusted unemployment rates from the Bureau of Labor Statistics. Click on the image at the top to see the 10 metro areas selling the most distressed homes.