Nevada Foreclosure Filings Increase

CBS Las Vegas

(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…

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