Foreclosure rate dips, but Nevada remains one of hardest-hit states

ASSOCIATED PRESS

A for sale sign stands outside a bank-owned home in North Las Vegas, Feb. 18, 2009.

Nevada’s foreclosure rate improved last month yet remained one of the worst in the country.

The state had the second-highest foreclosure rate in the United States in November, with one in every 390 housing units carrying a foreclosure-related filing, says a report out today from Irvine, Calif., research firm RealtyTrac.

That’s down almost 10 percent from October, when Nevada also ranked No. 2, and down 54 percent from November 2011, when the state was in the midst of a 62-month streak in the dubious No. 1 spot. The streak ended in March.

Florida ranked No. 1 in the country last month with one in every 304 homes in foreclosure. It was its third consecutive month in the top slot.

Nationally, one in every 728 homes was in foreclosure in November. That’s down 3 percent from October and down 19 percent from November 2011, says RealtyTrac.

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