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ArtikelAmerica's Property Market On A Losing Streak  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 398 no. 8726 (Mar. 2011), page 36-37.
Topik: Foreclosure; statistics; property prices
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.65
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Isi artikelTo the many dubious distinctions of Las Vegas, add one more: foreclosure capital of America. According to RealtyTrac, a property-listings firm, one in every ten homes in the city was in some stage of foreclosure last year, almost five times the national rate. In North Las Vegas, a poorer suburb, the figure was one in five. These statistics would be even grislier were it not for lenders' inability or reluctance to eject all those who are in default at once. People who have managed to hold onto their homes are far from lucky: property prices are around 60% below the peak they reached in 2006, leaving 70% of homeowners in the area owing more on their mortgage than their property is worth. (Nationally, the proportion of homes that are "under water" is a still-awful 23%.)
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