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01-20-2011, 06:57 AM
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3,130 posts, read 1,923,693 times
Reputation: 1491
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The Eight States Running Out of Homebuyers, GA is 6th
GA is in a mess. We overbuilt and were damn near leading the B.S real estate boom. We have all seen projects halt and how ugly it makes areas look. Unemployment is still awful. SMH
the-eight-states-running-out-of-homebuyers: Personal Finance News from Yahoo! Finance
Quote:
6. Georgia
2010 Foreclosures: 3.25% (6th Worst)
Unemployment: 10% (9th Worst)
Decrease in Building Permits 2006-2010: -82.29% (2nd Worst)
The number of building permits issued in 2006 in Georgia was 92,541. In 2010 that number dropped to 16,391. This is the second greatest decrease in the nation during that time. The state's unemployment rate, at 10%, is above the national average of 9.4%. Also in 2010, there were 130,966 foreclosures in Georgia, 3.25% of the state's properties. This is an increase of 53.62% since 2008.
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