In Nevada the rate of BK has actually slowed. It is coming at the same time as other economic indicators are slowing also. Statewide jobless rate which hit 14.6% in December fell in March to 13.2% with the first net growth in more than three years.
Real estate median home prices plummeted from $350,000 in 2005 to $169,000 in December 2010. That decline has spurred sales to a record in February which is a 13% increase over the same time last year.
Home foreclosures are still around. We continue to lead the nation with one out of every 35 homes in foreclosure in the first quarter.
Bankruptcy filings had a big spike in 2004 and 2005 when laws changed to make it more difficult to file. there could be another big hit agian in 2012 when those people are eligilbe to file again. Nevada still leads the nation in BK filings at 11.44 filings per 1,000 population. That is only a 1.1% increase in 2010 over 2009.
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