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Almost Half of Atlanta Homeowners are Underwater

A new housing survey has found that the Atlanta housing market is undergoing struggle as about 47.6 percent of Atlanta homeowners reported that they were underwater on their mortgages for the first quarter of 2013. Despite a positive change in local unemployment, it seems the housing industry is having trouble getting out of the slump that has plagued the area. The Athens movers have also found that 64.1 percent of Atlanta homeowners likely do not have enough equity to afford to move, and that most of the Atlanta homeowners could not afford to move if they wanted to.

The statistics were published on Zillow, where the site also predicted that little positive change will come in the beginning of 2014 either, stating that 46.2 percent of homeowners will still be underwater at that time.

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