Nevada foreclosure rate remains second worst in nation

ASSOCIATED PRESS

A for sale sign stands in front of a bank-owned home in Las Vegas in 2008.

Nevada’s foreclosure rate remained the second worst in the country last month, despite a continued drop in volume.

One in every 344 housing units in Nevada had a foreclosure-related filing in January, down 43 percent from a year earlier, according to a report out today from RealtyTrac.

Despite the dip, it was the fourth consecutive month Nevada’s foreclosure rate was second highest in the nation.

One aspect of the report — notices of default, which start the foreclosure process — soared in Nevada. They were up 87 percent, to 1,827, in January compared to January 2012.

Florida’s foreclosure rate held the No. 1 spot in January for the fifth month in a row, with one in every 300 units saddled with a foreclosure-related filing.

Nationally, one in every 869 housing units had a foreclosure filing last month, down 28 percent from the previous January, according to RealtyTrac.

The Las Vegas Valley, meanwhile, had the sixth-highest foreclosure rate last month — one in every 283 units — among U.S. metro areas with at least 200,000 people.

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  1. Duh