The Las Vegas area has come a long way in the housing recovery with most homes for sale now being regular sales, not short sales, but we still have plenty of homeowners who are still in a negative equity position.
Nevada topped all states with 31 percent of all residential properties seriously underwater, or with negative equity.
Nevada, Florida, and Illinois were the top three states in negative equity for residential properties in the third quarter of 2014, marking the fourth consecutive quarter those three states led the nation in that category, according to RealtyTrac’s Home Equity & Underwater Report for Q3 2014 released Thursday.
Las Vegas, Nevada, and Lakeland, Florida, tied for the top spot among metropolitan areas with the highest negative equity rate with 34 percent each Source: DSNews
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By: Dawn Barrier
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Las Vegas Homes with Negative Equity Still Top of the Charts
Vegas Housing & Real Estate News 2014, Las Vegas Listing Agent Realtor®,Vegas Homes For Sale
Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.
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