http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aRpcQSd4j5xw
Extract
A growing number of high-end homes are selling at a loss or facing repossession by lenders in Las Vegas, which already has the highest rate of foreclosure filings among large U.S. cities.
Las Vegas home values have plunged 58 percent since the 2006 high-water mark, the most of the 20 metropolitan areas tracked by the S&P/Case-Shiller index.
Almost 70 percent of Las Vegas-area homeowners with mortgages were underwater at the end of 2010, meaning they owed more than the value of the property, according to CoreLogic Inc., a Santa Ana, California-based real estate information company.
Extract
A growing number of high-end homes are selling at a loss or facing repossession by lenders in Las Vegas, which already has the highest rate of foreclosure filings among large U.S. cities.
Las Vegas home values have plunged 58 percent since the 2006 high-water mark, the most of the 20 metropolitan areas tracked by the S&P/Case-Shiller index.
Almost 70 percent of Las Vegas-area homeowners with mortgages were underwater at the end of 2010, meaning they owed more than the value of the property, according to CoreLogic Inc., a Santa Ana, California-based real estate information company.
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