(Seattle, WA)  —  Las Vegas continues to lead the nation in underwater mortgages, but the situation is improving.

Zillow.com says between July and September, 63% of Las Vegas homeowners owe more than their properties are worth.  That’s down from nearly 69% in the second quarter.

North Las Vegas ranked even higher at nearly 74%.  In Henderson, the underwater rate was just over 55%.

Zillow says about 28% of homeowners across the nation owe more than their homes are worth.


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s