Atlanta, Top 20 in Foreclosures in 2012

It’s a dubious honor, but Atlanta ranked in the Top 20 of foreclosure activity for the first half of 2012.  The top state was California, which is not surprising considering the burdensome tax structure that Californians must face every year.  California had 7 cities in the Top 20.  Florida had four cities.  Illinois had two.  Arizona, Colorado, Georgia and Nevada each had one.

The interesting thing about Atlanta is that we are very low on inventory right now, allowing for some less desirable homes to sell during this Spring and Summer.  It has also caused prices to rise a little in some specific areas of metro Atlanta.  Here’s the full article from World Property Channel.