AJC: Foreclosures still plague Georgia

From the AJC’s Foreclosures still plague Georgia | www.ajc.com:

Foreclosure sales in Georgia accounted for 38 percent of all residential sales in the state during the third quarter, according to a report released Thursday by RealtyTrac, the real estate research firm. Even though that’s a slight dip from the previous quarter, it’s still the highest percentage in the nation.

The rate in Atlanta was even higher: About 41 percent of all residential sales in metro Atlanta were foreclosure-related, according to the report.

This is not a surprise. The housing crisis in Georgia lagged much of the nation. Hopefully, Georgia will catch up with other hard hit states in 2013 or 2014.