Nevada Foreclosure Rate Down to No. 7 in U.S.

By: Associated Press Email
By: Associated Press Email

LAS VEGAS (AP) - Nevada's foreclosure rate is down to seventh in the nation after dropping about 44 percent year-over-year.

RealtyTrac statistics released Thursday show one in every 731 homes in Nevada saw some sort of foreclosure filing in July. The firm counted 375 initial foreclosure filings and 481 homes that were repossessed by the bank.

The state's foreclosure rate fell about 2 percent since the month earlier. The six states with a higher rate are Florida, Maryland, Ohio, Connecticut, New Mexico and Illinois.

The change comes as other real estate indicators in the state improve. Home prices in the Las Vegas area have risen for 18 straight months, with the median price in July hitting $180,000.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 219745401