Nev. foreclosure rate is 2nd in nation in January

Nevada foreclosure rate is 2nd in nation in January; pace down 43 percent year-over-year

Associated Press

LAS VEGAS (AP) -- Nevada's foreclosure rate remains second in the nation even though activity dropped significantly year-over-year.

RealtyTrac reports Thursday that Nevada's January foreclosure rate is down 43 percent year-over-year, but down less than 1 percent compared with December.

One in every 344 properties in Nevada saw some sort of foreclosure filing last month. That rate was behind only Florida.

Nevada's numbers are similar to the national foreclosure trend for the month of January. RealtyTrac reports foreclosure filings nationwide were down 7 percent from December, and down 28 percent year-over-year.

The report also notes Las Vegas has the sixth-highest foreclosure rate among U.S. metropolitan areas with 200,000 people or more.

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