Foreclosure Rates Rising — What Nevada Homeowners & Sellers Should Know Now

What the National Trends Look Like

• Foreclosures are increasing year-over-year, driven by homeowners who are strained by mortgage payments, inflation, and higher debt burdens.

• Despite the rise, overall U.S. foreclosure activity is still below the worst years of past crises (e.g. 2008). Many homeowners still have equity, and many loans are fixed-rate

• States hit hardest are those with more volatile housing markets, high cost of living, or where homeowners stretched affordability.

How This Looks in Nevada

As someone who’s worked in the Nevada market for decades, here are what I’m seeing / what data suggests:

1. Nevada is among those states seeing a high foreclosure filing rate.
   Nevada has one of the highest rates of foreclosure filings per housing unit in the country.

2. Las Vegas & Henderson are particularly vulnerable.

   • Many homeowners around here locked in lower mortgage rates, but the pressure comes from property tax, utilities, insurance, and sometimes resetting loan terms.

   • Higher interest rates make refinancing difficult.

3. Inventory could increase in some neighborhoods.
   As foreclosed homes come to market, there’s risk of adding supply — especially in more affordable segments. That tends to depress prices in nearby areas unless demand keeps up.

4. Still, strong demand and limited new housing in many areas offer a buffer.
   Not every part of the market is equally at risk. Communities with lot availability, or newer builds, may fare better. Also, homeowners with solid equity, stable incomes, and good credit are in far better shape.

What This Means If You’re Selling, Buying, or Facing Difficulty

If you own a home:

• Don’t wait: if debt or mortgage payments are becoming unmanageable, talk to your lender. There are often options (modification, short sale, etc.).

• List now if you fear foreclosure is possible. Selling before foreclosure may allow you to preserve more equity, control the terms, and avoid credit damage.

If you’re buying:

• Foreclosure inventory can create opportunities — properties priced under market value. But they often need work, may come with more risk, title/legal concerns. Do your homework.

For first-time sellers or those whose home didn’t sell last time:

• Price realistically. Buyers will compare with foreclosed properties and bargain accordingly.

• Highlight condition, curb appeal, and low cost of ownership (e.g., energy costs, maintenance) to stand out.

Why This Isn’t 2008 Redux (And What Makes Nevada Different)

It’s tempting to think “here we go again,” but there are key differences:

• Lending practices are tighter; underwriting is more conservative.

• Many homeowners have fixed-rate mortgages locked in before rates rose.

• Equity levels tend to be higher in many cases, so owners aren’t underwater (or at least less likely to be).

• The supply of homes is still constrained in many Nevada markets, which helps support prices.

What I Recommend (As Someone Who Knows the Nevada Market)

• Homeowners: if you're feeling the squeeze, call me. Let's assess options before things get worse.

• Sellers: now may be the time to list, especially if you want to avoid getting caught in a worsening situation.

• Buyers: investigate foreclosure listings, but use trusted professionals (agents, inspectors, title companies) to spot issues.

• Investors: foreclosure-driven inventory may bring bargains, but again risk & due diligence are key.

If you’re in Las Vegas / Henderson (or anywhere in Nevada), and want to discuss your home’s value, or how foreclosure trends are affecting your neighborhood — I can help you map it out.

📞 Give me a call at 702-460-4965 or 📧 email me at FRegina@UnlimitedNevada.com.

Let’s make sure you make the best move — before the trends force your hand.