The next housing crisis can be found (Again) in North Las Vegas
The damage from the housing crisis — a toxic combination of frenzied buying, rampant construction, predatory lending and investment excess — was extensive. Of the 23,000 single-family homes in the 89031 ZIP code, more than 7,500 have had at least one foreclosure since 2006, according to Attom Data Solutions.
A team including; Matthew Goldstein, Robert Gebeloff, Ross Mantle and Matt Ruby released a deep dive into the community of North Las Vegas. The global financial crisis of 2008 impacted it greatly and though the local housing market has strengthened and it is today one of the fastest-growing cities in the country, affordability is a growing concern.
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