The scene of Decatur Foreclosures

Decatur in Georgia is the county seat of DeKalb County. Recent news by a publisher of national database of foreclosure and bank owned properties announced that the Georgia foreclosures condition in the months of May and June. In May, the foreclosure activity was up by 11 percent whereas in June, the foreclosure activity was down by 15 percent.

These statistics makes it clear that the Decatur foreclosures, including other foreclosure listings in Georgia have an unbalanced and unstable real estate scenario. The 11 percent increase in May was also 23 percent above the numbers noted in May 2007. Although the foreclosure activity was decreased by 15 percent in June, but still it was 21 percent ahead the stats of June 2007.

In May, DeKalb foreclosure listing activity was rated as the second highest with 1,407 properties with filings, whereas in June also, it was rated at the second place with 1,300 foreclosed properties with filings. In contrary to this, neither in May, nor in June, DeKalb County was rated among the top five counties of Georgia foreclosures with the top foreclosure rate.

It was also announced that the foreclosure activity was especially hard for DeKalb County in the Decatur foreclosures scene. This was due to the constantly decreasing home prices and a weakened job market. The statistics revealed make Georgia a major contributor in nation’s foreclosure activity in the month of May, whereas in June, the share was a significant one.

Apart from the foreclosure condition in Georgia, if we ponder over the whole of US foreclosure scenario, then the statistics revealed for the month of July state that there was 8 percent increase in the foreclosure activity around the nation. It was 55 percent more than the foreclosure scene during July 2007. The foreclosure number all around the US was 272,171 properties with foreclosure activity.