Las Vegas vacant foreclosed home rate continues to remain in top position
Las Vegas, NV: Las Vegas has moved into the penultimate spot for foreclosed home rates in the United States as of September 2015.
That spot is not as bad as in August when it had the number one spot for foreclosure rates, but the decreased does not appear to yet indicate a continuing downward trend, as the overall rate was up 56 percent from the rate it was at in 2014.
Roughly half of the foreclosed homes in Las Vegas fall under the description of “zombie foreclosures,” (properties that are abandoned or vacant).
Despite the number of homes in communities available, many homes tend remain empty due to the brunt of buyers being out-of-state investors instead of families.
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