Home-purchase loans on the rise in Southern Nevada

Home-purchase loans on the rise in Southern Nevada

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There are lenders in Las Vegas that will give loans to virtually anyone. It seems like a good idea until you consider how much money has been spent. There were 36,000 loans just for home purchases, which has gone up 8.5% from 2015. The good news is nationally the number of people getting loans went down 1.5%.

 

Home-purchase loans on the rise in Southern Nevada

Las Vegas was a poster child for the housing craze and crash, and mortgage lending here collapsed with the economy, dropping from almost 81,000 purchase loans in 2006 to about 24,800 in 2013 — a 69 percent plunge.

More than 36,000 home-purchase loans were issued in the Las Vegas area last year, up 8.5 percent from 2015 and the third consecutive annual increase, according to housing tracker Attom Data Solutions.

But in the past few years, with the economy mending and the housing market pulling itself out of the dumps, they’ve opened the vaults wider and wider.

Boyd recently exercised an option in its ground lease and bought the 77-acre stretch of property underneath the resort for $43 million.

.
There are lenders in Las Vegas that will give loans to virtually anyone. It seems like a good idea until you consider how much money has been spent. There were 36,000 loans just for home purchases, which has gone up 8.5% from 2015. The good news is nationally the number of people getting loans went down 1.5%.

Las Vegas was a poster child for the housing craze and crash, and mortgage lending here collapsed with the economy, dropping from almost 81,000 purchase loans in 2006 to about 24,800 in 2013 — a 69 percent plunge.

More than 36,000 home-purchase loans were issued in the Las Vegas area last year, up 8.5 percent from 2015 and the third consecutive annual increase, according to housing tracker Attom Data Solutions.

But in the past few years, with the economy mending and the housing market pulling itself out of the dumps, they’ve opened the vaults wider and wider.

Boyd recently exercised an option in its ground lease and bought the 77-acre stretch of property underneath the resort for $43 million. Home-purchase loans on the rise in Southern Nevada | Las Vegas Review-Journal

 

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