The stormy Nevada housing market is about to be rocked by an impending tsunami of ARM (Adjustable Rate Mortgage) rate resets and a striking increase of activity in foreclosure and pre-foreclosure activity.
August saw a 44% increase in Notice of Default filings from July, with a total of 5,279 homes receiving a foerclosure-related notice in Clark County. Nevada, again outpaced the rest of the country by a solid 11% in these filings. This jump also reverses a six-month long trend in ...
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