Foreclosures in America are on the rise for the second year in a row. While those of us who have been through a recession see cause for concern, this puts a firm bookend on an 11-year decline in foreclosures as we are now entering a new economic phase.
But let’s take a deep breath: The current rise in foreclosure activity is not uniform across the country. Even more than 15 years ago, when the bottom fell out of the housing market, there are more distressed properties in some areas than others.
Our partners at Realtor.com® went out to find which places are experiencing high—and growing—percentages of foreclosure filings, and some of the same areas that saw big growth are now seeing foreclosures, and Souther cities are no exception (one is even in our home state of GA!)