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Fewer Underwater Homes In Las Vegas

Nevada still leads the nation with 26.3 percent of its mortgaged homes underwater, but the  percentage of such residences in the Las Vegas metropolitan area continues to decline. 

CoreLogic reported Thursday that in the second quarter of this year  28.8 percent of the mortgaged homes in the Las Vegas area had mortgages that exceeded the value of the residence. In the first quarter of the year the figure was 31.5 percent. At the height of the recession, roughly two-thirds of the mortgaged homes in the Las Vegas Valley were underwater.
Copyright 2015 KNPR-FM. To see more, visit http://www.knpr.org/.

Jay Bartos joined Nevada Public Radio in 1993 to develop and manage the state’s first radio reading service for people unable to use standard printed material due to blindness or another disability. After the reading service was discontinued in 2011, he became the afternoon host on KNPR for ten years. Jay can now be heard on air on News 88.9 KNPR and Classical 89.7 KCNV throughout the week.