The Atlanta area saw a double-digit percent increase in foreclosures over the last year, according to findings from a recent report.
Property data provider ATTOM Data Solutions’ Year-End 2019 U.S. Foreclosure Market Report shows that foreclosure filings in 2019 decreased in most cities — but not Atlanta.
Report: Foreclosures Up In Atlanta
Default notices, scheduled auctions and bank repossessions were reported on 493,066 U.S. properties in 2019, which is a 21% decrease from the previous year.
The new figure is also down 83% from a high of nearly 3 million in 2010.
Here are the big cities that saw a double-digit increase in foreclosures:
- Baton Rouge, Louisiana (43%)
- Atlanta, Georgia (up 25%)
- Salt Lake City, Utah (up 17%)
- Orlando, Florida (up 16%)
- Portland, Oregon (up 16%)
Atlanta has one of the best real estate markets in the country, with affordable housing in every quadrant of the city. Large backyards, manicured parcels and strong neighborhoods with ample dining amenities make it one of the top places for transplants.
Keep up with what’s going on in Atlanta’s real estate scene here.
