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94 STATE OF AFFAIRS: WEST » Nevada RANK: 8 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 4.17% 3.06% 8.7 YEAR AGO 5.99% 5.35% 10.5 YEAR-OVER-YEAR CHANGE -30.4% -42.7% -1.8 Top County NYE COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 4.09% 5.19% YEAR AGO 5.17% 7.70% YEAR-OVER-YEAR CHANGE -20.7% -32.6% Top Core-Based Statistical Area PAHRUMP, NV 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 4.09% 5.19% YEAR AGO 5.17% 7.70% YEAR-OVER-YEAR CHANGE -20.7% -32.6% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Las Vegas Mirrors National Home Price Slowdown A new report released by DataQuick revealed Las Vegas homes sold at the slowest pace in five years in January as median sale price dipped from the previous month. Home prices remained 22 percent higher than a year earlier, but mirroring a national trend, price growth has slowed. In January, 3,232 new and resale houses and condos were sold in the Las Vegas metro area, down 15.1 percent from the month before and down 10.8 percent from a year earlier, according to San Diego-based DataQuick. e firm tracks real estate trends nationally via public property records. January home sales were the lowest for the month since 2009. "In recent months, home sales have been constrained by a combination of factors, includ- ing higher prices and mortgage rates, a fussy mortgage market, and the relatively low supply of homes on the market, especially in the lower price ranges. Some owners still can't afford to sell their homes because they owe more than they are worth. Also, lenders aren't foreclosing on as many properties, further limiting the sup- ply of homes for sale," the report noted. Relative cost of homes in the Las Vegas area also played a factor in the decline. Sales of homes priced below $100,000 dropped 45.3 percent from a year earlier, while houses priced under $200,000 fell 28.3 percent year-over-year, according to the report. More expensive homes saw opposite trends, gaining ground on more affordable properties. Homes priced for $200,000 or more saw sales rise 32.7 percent year-over-year. New Mexico RANK: 15 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.02% 2.58% 6.6 YEAR AGO 2.07% 3.54% 6.9 YEAR-OVER-YEAR CHANGE -2.2% -27.3% -0.3 Top County TORRANCE COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 2.87% 5.57% YEAR AGO 3.04% 7.12% YEAR-OVER-YEAR CHANGE -5.5% -21.8% Top Core-Based Statistical Area ESPANOLA, NM 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 2.40% 4.72% YEAR AGO 2.32% 4.96% YEAR-OVER-YEAR CHANGE 3.8% -4.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Oregon RANK: 16 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 1.72% 2.53% 7 YEAR AGO 2.08% 3.23% 8.3 YEAR-OVER-YEAR CHANGE -17.2% -21.6% -1.3 Top County CROOK COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.83% 5.39% YEAR AGO 2.47% 6.52% YEAR-OVER-YEAR CHANGE -25.9% -17.3% Top Core-Based Statistical Area PRINEVILLE, OR 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 1.83% 5.39% YEAR AGO 2.47% 6.52% YEAR-OVER-YEAR CHANGE -25.9% -17.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Utah RANK: 38 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JANUARY 2014 2.14% 1.03% 3.9 YEAR AGO 2.77% 1.60% 4.9 YEAR-OVER-YEAR CHANGE -22.8% -35.6% -1 Top County CARBON COUNTY 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 2.30% 2.59% YEAR AGO 2.23% 1.94% YEAR-OVER-YEAR CHANGE 3.2% 33.2% Top Core-Based Statistical Area PRICE, UT 90+ Day Foreclosure Delinquency Rate Rate JANUARY 2014 2.30% 2.59% YEAR AGO 2.23% 1.94% YEAR-OVER-YEAR CHANGE 3.2% 33.2% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the January 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary January 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The Las Vegas metro saw new and existing home and condominium sales fall 15.1 percent in January month-over- month, according to DataQuick. KNOW THIS