LAS VEGAS (AP) - Nevada's reclaiming its title as the
foreclosure capital of the U.S. after a one-month stint in the No.
Data released Thursday by RealtyTrac shows Nevada's foreclosure
rate edged out second-place California in April, even though
foreclosure activity that month was down 67 percent year-over-year.
Foreclosure activity inched up less than 1 percent from March.
One in every 300 housing units in Nevada had a foreclosure
filing in April.
Nevada had a 62-month streak as the top state for foreclosures
until Arizona knocked it from the top spot in March. But RealtyTrac
says the Silver State has seen a 15 percent increase in foreclosure
starts since March.
Foreclosures in Nevada have been declining since a state law
took effect in October, requiring lenders to file more paperwork to
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.