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In Brief

Study: Defaults come when home equity hits 62 percent of purchase

The average homeowner doesn’t think about so-called “strategic default” on their mortgage until equity falls to 62 percent of the home’s value, a study from the Federal Reserve Board showed.

May airport traffic dips 1.6 percent

Air travel into Las Vegas slid for the fourth straight month in May, new numbers from McCarran International Airport show.
The airport hosted 3.48 million arriving and departing passengers in May, down 1.6 percent from 3.53 million fliers in May 2009.

In Brief

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