Nevada holds the highest foreclosure rate of any other state for the 43rd consecutive month


In Nevada, one in 82 houses received a foreclosure filing in July, and 13,727 total properties received a filing. That is a 7% uptick from last month but a 30% decrease from last year. July marks the 10th straight month of yearly decreases for Nevada.

On the metropolitan-statistical area (MSA) level, the top-10 areas are showing a “bumpy downward trend,” according to RealtyTrac. While those areas all showed decreases from last year in July, five of them had decreases from the previous month. The Las Vegas-Paradise area, where one in 71 houses received a foreclosure filing in July, had a 9% increase from the previous month states Housing Wire.

Published by Stout Law Firm

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