The painfully slow healing of the metro Atlanta housing market has continued, as the foreclosure rate dipped again, according to a report issued this morning.
Foreclosures in the region were 0.52 percent of all mortgages for June, according to CoreLogic.
That is down from 0.72 percent a year earlier.
The foreclosure rate has been dropping for several years. Experts say it still sometimes understates the pain in the market since there are many people who remain in their homes even though they owe more on their mortgage than the houses are currently worth.
Because Atlanta was one of the areas hardest-hit by the housing crash, foreclosures were much more common here in the aftermath of the crisis. One significant sign of improvement: metro Atlanta’s foreclosure rate is now lower than the national average, which is 0.95 percent.
Atlanta’s share of loans that are 90 days or more delinquent is now 2.90 percent, down from 3.39 percent a year ago, according to CoreLogic.
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