FACT BRIEF

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

By Carly Sauvageau on 09/26/2023

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.

This Fact Brief is responsive to conversations such as this one.

Sources

ATTOM US Foreclosure Activity Sees Uplift In August 2023

Reuters Home foreclosure filings up 55 percent in July

Realtor.com Tax Implications Following Foreclosure: What You Need to Know

Realtor.com Foreclosures Tick Up, Especially in These Cities

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