While the foreclosure rates in Atlanta haven’t changed much into the month of May, optimists are assured it’s much better than a second wave of an increase in foreclosure filings. However, there isn’t much decrease in rates either, leaving the foreclosure industry in a stagnant and awkward place. In the Atlanta metro area, foreclosures slowed down around Christmas of last year and the disastrous robo-signing epidemic was finally resolved early this year.
The Atlanta movers are glad that there hasn’t been an increase in foreclosure filings, but also hopeful that the latter part of 2012 can bring a significant diminish in filings and break the negative real estate trends for good. Home sales are up in comparison to early quarters of 2010 and 2011, so it’s very possible that 2012 could bring about a level of recovery for the realty industry.