The drag on the region’s economy due to home foreclosures appears to be easing. As reported by the Atlanta Regional Commission in this month’s Regional Snapshot newsletter, the Atlanta region has returned to foreclosure levels not seen since 2006, and foreclosure filings in 2013 are down more than 50 percent from 2010 levels.
Other findings include:
- Every county has fewer foreclosure filings in 2013 than in 2012 during the same period (through September).
- Gwinnett County still leads the region in the total number of foreclosure filings in 2013, but the number is more than 60 percent lower than 2010 levels.
- Metro Atlanta (28-county) ranks 7th out of the 25 most populous metros in the percentage of mortgages that are considered “seriously delinquent” (those 90 days past due or already in the foreclosure inventory).
- But, metro Atlanta also ranks 7th out of the top 25 metro for overall DECLINE in serious delinquency rate between December of 2010 and March of 2013.