Listen Online - Listen on Mobile Radio.com | Mobile App Info

Vegas Forclosures Significantly Lower In 2012

(Irvine, CA) — Las Vegas ended 2012 in the top 20 for foreclosure rates, despite major improvements.

A year-end survey by RealtyTrac shows one in every 32 Vegas homes had a foreclosure filing last year, down 57% from 2011. Sin City ranked 16th among major metro areas in 2012.

RealtyTrac names the Las Vegas Valley as one of the worst areas to buy a foreclosed home this year. Fewer foreclosures have resulted in tight inventory and relatively small discounts.

Comments

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live