Metro Atlanta’s foreclosure tide continues to recede, with the number of new notices filed in September near a 7-year low.
The latest report moved one housing industry expert to declare the end of a crisis that left the housing market awash in bargain-basement homes and pulled down home values for all.
“The worst is certainly behind us,” said Eugene James, Atlanta regional director of the housing information company Metrostudy. “I think the coast is clear.”
The 3,599 notices filed for September are 1.4 percent lower than in August and 50.5 percent lower than last September.
Foreclosure notices have been decreasing since 2010, when 127,140 notices were filed in the 13-county region. So far this year, 41,020 notices have been filed — down 43 percent from the same period in 2012.
via ‘Coast clear’ on metro foreclosure front | www.myajc.com.
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