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Las Vegas leads in both mortgage
delinquencies and investor foreclosures |
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June 17, 2010 |
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A recent study by Experian and Moody's Analytics revealed that Las Vegas, Nev., had the highest mortgage delinquency rate within the United States, with 23 percent of homeowners experiencing delinquencies of 60 days late or greater. Las Vegas also leads the nation with more than 30 percent of investor properties resulting in a foreclosure.*
On a brighter note, the growing technology sector within Raleigh, NC, may have contributed to stronger credit performance, with only 5 percent of homeowners experiencing delinquencies of 60 days late or greater. This percentage is less than the national average mortgage delinquency rate.
Source: Moody's Analytics and Experian Regional Economic Outlook, March 2010
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Join an online community designed to share "New strategies for a new reality" and gain access to exclusive presentations and materials from Experian's recent Vision 2010 Conference.
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*Investors are defined as consumers with three or more mortgage accounts.
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