Las Vegas posts nation’s highest metropolitan foreclosure rate

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Las Vegas continued to post the nation’s highest metropolitan foreclosure rate during the first quarter according to the Las Vegas Sun.

California-based RealtyTrac said one in 28 housing units received a foreclosure filing in the first quarter, nearly five times the national average.

A total of 28,480 Las Vegas housing units received a foreclosure filing during the quarter, an increase of 13 percent from the fourth quarter of 2009. The filings are 19 percent below the first quarter of 2009, when a self-imposed moratorium was in place among lenders.

Las Vegas was ranked No. 1 in the nation in 2009. In the state category, Nevada has been ranked No. 1 since January 2007.

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