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

Nevada Foreclosure Filings Increase

(Nevada, KXNT)- Nevada remains one of the worst states in the nation with high foreclosure numbers.

A new report out by RealtyTrac shows Nevada foreclosure activity in July increased 15 percent from a year ago and was up 36 percent on a month-over-month basis, boosting the state’s foreclosure rate to third highest nationally after ranking sixth highest in June. One in every 639 Nevada housing units had a foreclosure filing during the month. This follows nine consecutive months of annual decreases.

Nationally, foreclosure filings were reported on 109,434 U.S. properties in July, an increase of 2 percent from the previous month but still down 16 percent from a year ago. The report also shows one in every 1,203 U.S. housing units with a foreclosure filing during the month.

“The number of state and local markets with persistent foreclosure problems is becoming fewer and farther between,” noted Daren Blomquist, vice president at RealtyTrac. “Although, there were some surprise spikes in foreclosure activity in July in markets that had previously been experiencing long-term downward trends in foreclosure activity.”

Comments

One Comment

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live