Nearly 75 percent of Las Vegas resales previously foreclosed on

Last month, 73.4 percent of Las Vegas-area homes and condos that were resold had been previously foreclosed on in the prior 12 months, according to DataQuick.

That’s up from the 55.9 percent share that was distressed a year earlier, a sign that the crisis is far from over.

The only good news (if you want to call it that), is that sales are up, with 4,536 new and resale homes and condos closing escrow during the month, up 1.9 percent from April and 23 percent from a year ago.

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