A high number of foreclosures continue to beat down on several housing markets. For six years, Nevada has held the No. 1 spot for highest foreclosure rate in the country and still does, despite reaching a 58-month low in foreclosures in February, according to the most recent data from RealtyTrac. While the state is seeing a definite slowdown in foreclosures emerging, Nevada still has more than twice the national average of foreclosure filings. California, another state that typically follows closely behind Nevada, also continues to post a high foreclosure rate, despite seeing a big slowdown in its foreclosures too, hitting a 51-month low in foreclosure activity in February.
Nationwide, one in every 637 households received a foreclosure filing in February, a slight drop compared to the previous month, according to RealtyTrac.
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