Las Vegas Valley has one of the highest foreclosure rates in the country, report says

The Las Vegas Valley is third in the country for home foreclosure rates in July, according to a new report.

Leading the country for foreclosures per housing unit is Houston (one in every 1,882 housing units), followed by Jacksonville, Florida (one in every 1,893 housing units), and Las Vegas (one in every 1,914 housing units), according to the report from real estate analytics company Attom, which looked at metros with populations of more than 1 million.

In a report on the Attom data, Realtor.com explained why Las Vegas is so high up the rankings.

“In Nevada, tourism is closely linked with the state’s gambling industry, which pumps billions of dollars annually into the state’s economy. But the latest available data shows that casinos have not been earning as much money as in the past,”