Las Vegas Recovering, Reaches San Jose’s All-Time Nadir

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August 19, 2016

In 2011, nearly 70 percent of all Las Vegas homes had negative equity, where owners owed more than their homes were worth. Now, the city has rebounded to a current rate of 19.5 percent.

That rate, though, was the the highest point San Jose ever reached during the worst of the housing crisis, as MarketWatch points out.

The median home price in the Silicon Valley city is more than $1 million, and only 2.4 percent of homeowners are now underwater.

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