Foreclosures rocket by 32% in Las Vegas
9 days ago
- #Tourism Slump
- #Foreclosure
- #Las Vegas
- Foreclosures in Las Vegas increased by 32% in June compared to last year.
- Clark County saw 200 default notices filed in June, with 1,290 in the first six months of 2024, up 28% from 2023.
- Single-family homes accounted for the majority of default notices (1,035), followed by townhomes (133) and condos (83).
- Las Vegas is experiencing a tourism slump, partly attributed to Trump's policies and boycotts.
- Tourism from Canada, a major source of visitors, dropped by over 20%.
- Harry Reid International Airport expects a decline of nearly 100,000 passengers per day in the latter half of 2025.
- Hotel occupancy rates and visitor numbers have declined, with international travel down 10% in June.
- Service workers report a 50% drop in tips due to fewer visitors.
- Experts warn of 'turbulent times ahead' for Las Vegas' economy.