Nevada housing market starts year as a national foreclosure leader

A foreclosed home is shown in a neighborhood near Tenaya Way and Russell Road Thursday, June 25, 2015.

Nevada’s housing market started the year on a familiar note, with one of the highest foreclosure rates in the country.

One in every 603 homes statewide received a foreclosure-related filing in January, up 30 percent from December and about 1.5 percent from January 2015, RealtyTrac reported today.

Nevada, which last year posted the fourth-highest foreclosure rate in the country, was No. 2 in January.

Among metro areas, Las Vegas had the fifth-highest foreclosure rate in the nation last month. It was No. 17 last year.

Atlantic City, N.J., pummeled by casino closures in 2014, had the highest rate last year and again in January.

Among the states, New Jersey was No. 1 last month, but just barely. One in every 590 homes was hit with a foreclosure filing, according to RealtyTrac.

Nationally, one in every 1,395 homes received a foreclosure filing.

RealtyTrac counts default notices, scheduled auctions and bank repossessions.

The Las Vegas-area has the bulk of Nevada’s population and was a poster child for last decade’s real estate boom and bust. Its housing problems have eased the past few years as the market regained its footing, but the once-foreclosure-choked area still is recovering from the recession.