Nevada Records Nation's Highest Foreclosure Rate in First Quarter - 8 News NOW

Nevada Records Nation's Highest Foreclosure Rate in First Quarter

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Nevada had the nation's highest foreclosure rate in the first quarter of 2010. This marks the 14th straight quarter that Nevada led all other states in foreclosure activity.

RealtyTrac reports 34,557 Nevada properties were in some stage of foreclosure for the quarter. That equates to one in every 33 households. The number is four times the national average. While the first quarter numbers are up 15% from the fourth quarter, they are down about 16% from the first quarter of 2009.

For the month of March, Nevada recorded 14,743 foreclosures. That's an increase of 33% from February and a drop of 26% from 2009. Nevada had the nation's highest foreclosure rate last month.

California, Arizona, Florida, and Utah rounded out the top five.

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