VEGAS INC coverage
Nevada had the highest foreclosure rate in the country again last month despite having fewer distressed homes.
One in every 360 housing units statewide had a foreclosure-related filing in April, down 17 percent from a year earlier, according to a report out Wednesday by Irvine, Calif., research firm RealtyTrac.
Filings include notices of default, scheduled auctions and bank repossessions.
Nevada’s foreclosure rate held the dubious No. 1 spot for the second consecutive month. Florida again ranked second, with 1 in every 363 housing units carrying a foreclosure filing in April.
The others in the top five last month were Ohio (1 in every 427 units), Illinois (1 in 501) and South Carolina (1 in 590).
Nationally, 1 in every 905 homes had a foreclosure filing in April, down 23 percent from a year earlier, according to RealtyTrac.
Nevada’s foreclosure rate led the nation for more than five years until March 2012. The state has dropped in and out of the top spot since then.