Number of Nevada Short Sales Up 86% in 2012 - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Number of Nevada Short Sales Up 86% in 2012

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The number of short sales in Nevada has jumped 86% in a year, while the number of foreclosures has dropped significantly.

A report released Thursday by RealtyTrac shows there were nearly 35,000 foreclosure sales in 2012, which is down 36% from a year before. Foreclosure sales accounted for nearly 38% of all home sales in 2012, down from a peak of 60% in 2010.

Meanwhile, short sales are gaining steam in Nevada faster than in any other state. They accounted for 33% of all Nevada home sales in 2012.

RealtyTrac reports that foreclosures and short sales combined accounted for 43% of all home sales in the country last year.

(Copyright 2013 The Associated Press. All rights reserved.)

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