Industry NewsMarkets & Economy

Foreclosure activity rises 2% in 2010

Las Vegas is No. 1 hot spot: foreclosure filings for 1 in 9 properties
Published on Jan 27, 2011

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by CareyBot

The number of U.S. properties with foreclosure-related filings rose about 1.7 percent in 2010, to an estimated 2.87 million -- approximately one in every 45 households, or 2.2 percent of all U.S. housing units, foreclosure data company RealtyTrac reported today.

The Las Vegas metro area, despite a 7 percent drop in foreclosure filings activity in 2010, still was ranked as the No. 1 foreclosure hotspot, with 1 in 9 housing units there receiving a foreclosure filing in 2010.

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