Nebraska Ranks 49th in Foreclosures!

Nebraska Ranks 49th in Foreclosures! So what does this mean? Our foreclosure rate is the 2nd lowest in the US! That is good news. As I said in my last post, Nebraska isn't really experiencing the "foreclosure crisis" and our banks are in good shape too. Are we experiencing more foreclosures than 3-4 years ago? Yes. However, you need to keep in mind that our foreclosure rate is very low when compared to the rest of the nation. The following statistics are courtesy of RealtyTrac : For the month of October, in Lancaster county there were 8 foreclosures filed, that is 1 in every 14,413 housing units. Now, compare that to Riverside county in California: 6,897 foreclosures filed, that is 1 in every 106 housing units. Or even worse in Clark county, Nevada: 12,1550 foreclosures filed which is 1 in every 62 housing units! As you can see, what is happening in Lincoln is realitively minor.