Willingness to default on home loans has been found to increase in ZIP codes with high foreclosure rates, leaving foreclosure-heavy Las Vegas in danger.
The city also remains saddled with high rates of homes that are worth less than the debt owed on them, leading to an even more default-prone situation for many homeowners.
"Las Vegas, which leads the nation in foreclosures, is vulnerable. The recently released study shows that 17 percent of households would default even if they could afford to pay their mortgage if the equity shortfall reaches 50 percent of the value of their house."
FULL STORY: Underwater LV homeowners more likely to walk away, study says
The Mall Is Dead — Long Live the Mall
The American shopping mall may be closer to its original vision than ever.
Report: Las Vegas, Houston Top List of Least Affordable Cities
The report assesses the availability of affordable rental units for low-income households.
Adaptive Reuse Bills Introduced in California Assembly
The legislation would expand eligibility for economic incentives and let cities loosen regulations to allow for more building conversions.
LA-to-San Francisco Night Train Closer to Reality
A train operator has entered into formal negotiations with Union Pacific to move the project forward with a projected launch date of 2025.
Lawsuit Aims to Stop Dodger Stadium Gondola
A proposed aerial tram project that would shuttle visitors to L.A.’s Dodger Stadium faces backlash from environmental and community groups.
Why Parking Reform Goes Hand in Hand With More Housing
To achieve the full benefits of ‘missing middle housing’ and make way for small-lot construction, cities must rethink parking mandates.
City of Yakima
City of Auburn
Baylands Development Inc.
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Learn the tools for implementing Universal Design in planning regulations.