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Foreclosures drop to lowest level in 7 years

Las-Vegas-foreclosed-house

Foreclosures drop to lowest level in 7 years across the nation. Even though Las Vegas foreclosures have substantially reduced also, we continue to make the news for the 2nd highest percent of foreclosures again. The reason is that other states have just reduced at a faster rate as their value didn’t drop as much as Las Vegas, Summerlin, Henderson, and North Las Vegas markets.

As home prices continue to rise is helps reduce foreclosures as homeowners have other alternatives to foreclosure.

CNN Money release an article called Foreclosures drop to lowest level in 7 years that is worth reading.