NV Sees Slight Decline in Foreclosures

In February, Nevada foreclosure activity fell 7% from January and was down 30% from February 2009, but the state’s foreclosure rate continued to rank highest in the nation for the 38th month in a row, according to RealtyTrac.

Arizona and Florida documented nearly identical foreclosure rates, with one in every 163 housing units receiving a filing in both states. Despite a nearly 21% decrease in foreclosure activity compared to January, Arizona’s rate was statistically slightly higher than Florida’s rate and ranked second highest among the states.