Las Vegas Mortgage Payments Are Slipping — Here’s What It Really Means

Some Las Vegas homeowners are starting to fall behind on mortgage payments, according to a recent CoreLogic report in the Las Vegas Review-Journal. Sounds alarming, right? But let’s take a breath — this isn’t the start of another 2008-style crash.

I’ve been in real estate here for over 30 years, and I can tell you: numbers only tell part of the story. Let’s break it down.

The Reality: Up Slightly, But Still Strong

Yes — the percentage of homeowners at least 30 days late on payments has gone up. But it’s still below pre-pandemic levels. That’s a big deal.

The pandemic years gave us artificially low delinquency rates because of payment pauses, stimulus checks, and other temporary relief. What we’re seeing now is more of a “return to normal” than a warning sign of a crash.

Sellers: Don’t Hit the Panic Button

If you’ve been thinking about selling, this isn’t bad news for you. Inventory is still low, buyer demand is still strong, and homes that are priced right are selling.

The key is strategy. Pricing, presentation, and marketing matter more than ever. This is where experience counts — and I’ve helped plenty of sellers navigate changing markets successfully. I can help you position your home so it attracts the right buyers and gets you the best result possible.

Buyers: This Could Be Your Opening

A small bump in delinquencies might bring a few more homes to market, giving you more choices and, in some cases, better negotiating room.

That said, you still need to be ready to move fast. In today’s Las Vegas market, the buyers who win are pre-approved, have their financing locked in, and act quickly when they find the right property.

The Bottom Line

We’re not headed for a housing meltdown — we’re just settling back into a more normal market. Whether you’re buying or selling, the smartest move is to work with someone who knows how to navigate both the numbers and the local neighborhoods.

I’ve been helping Las Vegas homeowners and buyers do just that for over 30 years. If you’re wondering what this shift means for your plans, let’s talk. No pressure, just clear answers and a plan that works for you.

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