Report Shows Increasing Number of Las Vegas Residents Falling Behind on Mortgage Payments
LAS VEGAS, NV – According to a newly-released report, a growing percentage of homeowners in Las Vegas are falling behind on their mortgage payments when compared to just one year prior.
As per the University of Nevada, Las Vegas’ (UNLV) Lied Center for Real Estate, in Clark County in the first six months of 2025, approximately 1,290 notices of default on home mortgages were filed, which represents a 28 percent increase year-over-year.
Of those notices of default filed in the first half of this year, the vast majority of them – 1,035, to be exact – were on single-family homes, whereas there were 133 filed for townhomes and 83 for condominiums.
In June, the most recent month covered by the report, almost 200 notices of default were filed, a jump of 32 percent from the same period of time in 2024, the Lied Center for Real Estate said.
Typically, property owners who fall behind on their mortgage payments will file a notice of default, which is normally the beginning of the process of foreclosure; however, this doesn’t always represent the filing party losing their home, as it is still possible for them to come to an arrangement with their lender, or find alternate means of getting up to date with their outstanding debt.
However, despite the large increases in the number of defaults in Southern Nevada over the course of the last year, the Lied Center’s research director, Nicholas Irwin, said that number is still low when compared to much of the rest of the nation.
Nonetheless, he noted that the upward trend of defaults is nonetheless a cause for concern, given that the unemployment rate in Las Vegas is currently higher than the national average; this could translate to the local economy facing “turbulent times ahead,” Irwin said.
Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.
Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management