Can the recession be ending if foreclosures keep rising?
Many readers of this blog have raised that contradiction in their comments over the past few days.
Now, new figures give even more support to the notion that the economic pain is far from over.
With three months left in 2009, the number of metro Atlanta foreclosure notices has already surpassed last year’s record, a sign of how deep the recession has been, as well as a portent of further trouble, AJC reporter Michael Kanell writes.
At the current pace, 116,905 area properties will have been listed for foreclosure by year’s end, up 47 percent from 2008, according to a report released Wednesday by Alpharetta-based Equity Depot.
Also in the AJC:
- Atlanta Gas Light says pipeline plan would boost service
- Treasurer says Georgia DOT cuts not sustainable
- Delta plans $500 million debt offering
- New Atlanta Beltline leader chosen
- Mirant shareholders getting bankruptcy payouts
- Fulton’s delayed tax bills to be mailed shortly