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CoreLogic: Foreclosure Inventory in Atlanta Down 38%

by Peter Thomas Ricci

The nation’s foreclosure marketplace continued to improve, according to the latest analysis from CoreLogic.

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Atlanta’s housing market continues to make impressive strides in clearing out its foreclosure markets, according to  CoreLogic’s latest National Foreclosure Report.

Through Nov. 2013, Atlanta has completed more foreclosures than any other metro area in the last 12 months, with the ATL completing more than 21,000 foreclosures; in addition, Atlanta’s foreclosure inventory is now just 1.3 percent of all mortgage properties, which is down 38 percent from a year ago.

The one caveat? The seriously delinquent rate is still 5.2 percent in Atlanta, so there will still be properties entering the foreclosure pipeline in the near future.

Interested in how our local market compares with the rest of the nation? Check out our infographic below for some perspective on the larger trends at work:

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