Las Vegas Defaults Rise While Rents Ease Slightly
Mortgage Default Trends in Las Vegas Amid escalating financial pressure, Las Vegas is experiencing a notable rise in mortgage defaults. This situation is igniting alarm within the real estate sector. Clark County saw nearly 1,290 notices of default in the first half of 2025. This marks a 28% increase from the previous year. Notices of default in March 2023 reached a record number of 235, highlighting the ongoing challenges faced by homeowners. Single-family houses are most affected. Regional hotspots like zip codes 89121 and 89108 are under significant strain. The housing supply has also been adversely impacted, as unsold inventory persists due to financial unrest. This wave of defaults underscores the need for effective mortgage repayment strategies. Default prevention measures are also crucial. While foreclosure rates soar, local policymakers and lenders face targeted challenges. Their goal is to mitigate these risks. By addressing lower-income areas, stakeholders aim to stabilize ...