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.