Mortgage lending up Las Vegas, but loan volume down compared with boom years
Lenders issued a rising tally of mortgages to Las Vegas homebuyers in recent months, but loan volume still pales in comparison to the easy-money boom years of last decade.
A total of 9,668 home-purchase loans were issued for Las Vegas-area properties in the quarter ending June 30, up 5 percent from the same period last year, according to Attom Data Solutions, parent company of RealtyTrac.
By comparison, lenders issued a peak of 21,225 home-purchase loans in the second quarter of 2006, and a low of 5,690 in the first quarter of 2014.
Meanwhile, local borrowers obtained 6,953 refinancing loans in the three months ending June 30, down 7 percent from the same period last year.
Lenders issued a peak of 17,881 refinancing loans in the fourth quarter of 2006, and a low of 2,228 in the fourth quarter of 2008, Attom reported.