Georgia has remained an “uneventful” player in the housing crisis, staying fairly centralized and not edging too close to either end of the Best/Worst housing markets in the country. But that doesn’t mean Georgia hasn’t been affected–in fact, the mediocre market that didn’t rank as worst or best is still struggling–and has stayed at a steady level of floundering for a few years now.
Now, Atlanta is rising the ranks as a foreclosure mecca. Currently, metro Atlanta is ranked at #2 for highest foreclosure rates. Douglas County, Georgia is one of the worst hit counties in the nation, with one foreclosure every 122 properties.
The Atlanta movers regret to report that our city hasn’t bounced back. Foreclosures have spread to nearby areas like Gwinett and other neighborhoods southeast of 85 and southwest of 75. While there is an influx of movers to the metro areas located near high paying jobs, the margin of middle class Georgians has left an unsettled real estate market for Atlanta and beyond.