Local Foreclosures Down

According to Corelogix, in February, about 2% of the homes i n our city were in some form of foreclosure.

That's more than full percentage drop from the year before.

And it's on par with the nationwide rate.

The number of people late on their mortgages is also donw.

While Nevada is still at the top of the list when it comes to foreclosures, it appears the Las Vegas market has the biggest influence on those numbers.

However, even down south the study indicates, foreclosure rates are also dropping.

Local realtors report, with warmer weather out area can expect to see more buyers on the market which will in turn mean higher home values and an overall stronger market.