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20% of Atlanta Properties Still in Negative Equity

by Peter Thomas Ricci

How had the negative equity situation, both at home and abroad, progressed the last few months?

Just over 80 percent of mortgaged properties in Atlanta area are in positive equity, according to the latest Equity Report from CoreLogic.

That makes the Atlanta the fifth weakest mortgage market in the nation; only Chicago, Phoenix, Tampa and Orlando have less healthy markets, based on data through 2013’s fourth quarter. Thankfully, Atlanta’s situation could improve – with 3.8 percent of mortgaged properties at near equity, minor price increases would return those properties to positive territory.

How does Atlanta’s market, though, compare to the rest of the nation? Our graphic below summarizes some of the main findings from CoreLogic’s report.

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