Nevada has Nation's Highest Foreclosure Rate

RENO, Nev. (AP) - A new report shows Nevada led the nation yet
again in foreclosure activity in July.

The state had one foreclosure filing for every 106 households, up 15 percent from the previous month and an increase of 97 percent from the same month a year ago.

Nevada's foreclosure rate was four times higher than the national average.

Clark County, around Las Vegas, had the nation's fifth-highest rate for a metro area, with one foreclosure filing for every 85 households in July.

Washoe County, around Reno, had the state's third-highest rate, with one foreclosure filing for every 230 households.

The report was released Thursday by RealtyTrac, based in Irvine, Calif.

(Copyright 2008 by The Associated Press. All Rights Reserved.)