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.
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