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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.

Collin Kelley

Collin Kelley has been the editor of Atlanta Intown for two decades and has been a journalist and freelance writer for 35 years. He’s also an award-winning poet and novelist.

2 replies on “Foreclosures back to pre-recession levels in Atlanta”

  1. This is good news. A decline in foreclosure filing indicates a stabilized economy and hopefully a drop in unemployment. It will also help to stabilize real estate values and give lenders a chance to place their foreclosure inventory on the market. Keep up the good work Atlanta!

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