Nevada ranked first in residential foreclosures started and second in delinquencies at the end of the first half of 2010, the Mortgage Bankers Association reported Thursday.
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The percentage of single-family, owner-occupied homes in Clark County has been shrinking, an analysis of property records shows. Five years ago, 67 percent of single-family homes were owner-occupied. Presently, 60 percent of the 473,390 single-family homes in Clark County are owner-occupied.
From the ashes of the Las Vegas housing market crash have risen a number of small, private homebuilders who scooped up leftovers from financially distressed national builders and turned them into profitable opportunities.
If someone guarantees they can stop a home foreclosure, it’s probably fraud.
The long decline in home prices may lighten the tax load for Las Vegas homeowners, but it’s also left 75 percent of them “underwater,” or with negative home equity, meaning they owe more than their home is worth, First American CoreLogic valuation service reported.
The Las Vegas housing market may be starting the dreaded “double dip” as home sales and median prices declined in July from the previous month, the Greater Las Vegas Association of Realtors reported Monday.