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Tuesday, Sep. 26, 2023

Did Nevada have the highest foreclosure rate in the nation in August 2023?


yes

ATTOM, a leading curator of real estate data, released a report ranking Nevada the top state for foreclosures in August, a jump from last quarter's ranking of eighth.

One in every 2,224 housing units in Nevada had a foreclosure filing. In Las Vegas, one in every 1,796 households had a foreclosure filing.

Although foreclosure filings were up 7% in August compared with July, housing experts don’t anticipate foreclosures to continue to climb in Nevada or anywhere else in the country.

“That [wave] could have been due to a jump in homeowners falling behind on their mortgages. Or, it could have been simply a timing thing, with banks and other lenders pursuing an accumulated batch of cases in August,” ATTOM CEO Rob Barber said in a statement.

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The Nevada Independent is a nonpartisan, nonprofit news and opinion website founded in 2017 by veteran political journalist and commentator Jon Ralston. The site and its supporting channels are focused on ethical, unbiased and transparent journalism. In general, we aim to gather and disseminate important public information and increase civic engagement. We are supported by corporate donations, memberships, event ticket sales and sponsorships and foundation grants. We disclose all our members and donors. Donors have no influence over our content, ever. The Nevada Independent is the dba for Nevada News Bureau, Inc., a 501(c)3 nonprofit founded in 2010 by Elizabeth Thompson, who now serves as one of The Nevada Independent's managing directors and its Editor.

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