Unfazed By Numbers, Analyst Forecasts Fewer Foreclosures
LAS VEGAS REVIEW-JOURNAL
By HUBBLE SMITH
The statistics are stacked against Las Vegas: highest foreclosure rate in the nation, 80 percent of homeowners “underwater” on their mortgage, half of homes with 25 percent or more negative equity, 16 percent of homeowners delinquent on their mortgage, 13.8 percent unemployment.
Nevertheless housing analyst Larry Murphy said Thursday he seriously doubts the market will be flooded with the “shadow inventory” of foreclosures at the end of the year…. (Keep Reading)
