A new report shows 69.5 percent of homeowners in Las Vegas are underwater on their mortgages.
Homeowners in the Las Vegas area continue to be punished by dropping prices, with the number underwater in their mortgages surpassing 319,000 or 69.5 percent.
The Greater Las Vegas Association of Realtors, however, reported the median price of single-family homes sold in Southern Nevada in October was $139,100, up 0.8 percent from $138,000 in September. The Realtors said the median price for Las Vegas-area condominiums and townhomes jumped 6.5 percent, from $65,720 in September to $70,000 in October.
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