Relevant:
- Fewer U.S. homes underwater as prices rise - Lansner on Real Estate : The Orange County Register
- U.S. Homeowners ‘Underwater' on Mortgages Drop as Foreclosures Increase
- Foreclosures are 43 percent of NV home sales in Q2
- record 167,564 empty homes in nevada
- Nevada Proposes Program to Purchase, Reduce Underwater Mortgages
2012-09-13 — bloomberg.com
Nevada remains the only state in which the total value of single-family homes is less than the amount owed on them, according to second-quarter statistics released yesterday by CoreLogic (CLGX), a Santa Ana, California-based data provider.
A 57 percent drop in value since 2006 trapped two out of three Las Vegans in homes worth less than they paid and caused a steep decline in property-tax collections that -- in a state without income tax -- comprise a third of city and county budgets.
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