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Foreclosures Decline In March

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(photo: Ethan Miller/Getty Images)

(photo: Ethan Miller/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Las Vegas, NV) — Foreclosure rates in Las Vegas decreased for the month of March over the same period last year.

According to newly released data from real estate information company CoreLogic, the rate of Las Vegas area foreclosures among outstanding mortgage loans was 4.76 percent for the month of March 2013, a decrease of 0.93 percentage points compared to March of 2012 when the rate was 5.69 percent.

Foreclosure activity in Las Vegas was higher than the national foreclosure rate, which was 2.84 percent for March 2013.

The mortgage delinquency rate also decreased.

CoreLogic reports 11.30 percent of mortgage loans were 90 days or more delinquent compared to 13.91 percent for the same period last year, representing a decrease of 2.61 percentage points.

 

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