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More Good News For Nevada Foreclosure Rates

National foreclosure tracker RealtyTrac.com recently released their first quarter report that indicates foreclosures have been edging up nationwide since April 2012, with 26 states posting increases in foreclosure activity. The good news is, Nevada isn’t one of these 26 state. We were one of the 24 that actually experienced decreasing foreclosure activity. In fact, we held the #3 spot in the list of states experiencing the largest decreases in unlisted (ie not yet put on the market) foreclosures, behind Oregon and California. Basically, this means that the supply of foreclosed homes, which generally sell for less, is drying up and their dampening effect on Nevada home prices is lessening.

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