Rate of delinquent Las Vegas homeowners falls for 15th month
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30 June 2011
11:53 a.m.
The percentage of Las Vegas homeowners delinquent in their mortgage has fallen for 15 consecutive months, according to a California research firm.
CoreLogic reported the 90-day delinquency rate of homes with a mortgage fell to 17.61 percent in April. It was 20.76 percent in April 2010. The peak was 21.01 percent in February 2010.
The statewide delinquency rate fell to 15.6 percent in April, down from 18.24 percent in April 2010.
The rate of foreclosures among Las Vegas homes with a mortgage in April was 7.87 percent, down from 8.66 percent in March. That’s the lowest its been since December 2009, when it was 7.93 percent.
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Though this is good news in a way, help is on the way. I here the new plan is to give $50,000 to homeowners who are underwater in their mortgage, thanks to the Americans taxpayer.
There has been a slew of positive news that past several weeks. I'm glad the press is looking at the numbers instead of the old unwarranted sentiment. Homes sales have been super robust for months.