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Which Counties Have the Highest Percentage of Subprime Loans
By Ryan Ward | November 13, 2007
I was searching around looking for some information about the subprime market and I ran across Ki Gray’s Austin real estate blog and found exactly what I was looking for. Take a look at this map he found from the New York Times showing county by county where the highest percentage of the subprime loans are. Here in Metro Atlanta it looks like Rockdale and Clayton counties have considerably higher rates than the rest of Metro Atlanta and the highest in the state of Georgia. click the map below to open a new window with the full interactive version.
What does this mean for us here in the Metro Atlanta market? It’s hard to say right now, but, keep if you are an investor, keep your eye on these two counties. There may be quite a few opportunities in the next year.
Category: Atlanta Real Estate |
Hello and welcome to my Atlanta real estate blog. My name is Ryan Ward and I run The Ryan Ward Group at Keller Williams Realty Consultants. Stay informed with information on neighborhoods, market statistics, homes and editorials on local, regional and national news that affects all of us here in Atlanta and elsewhere. I enjoy life and writing so don't be surprised if you read something thsat isn't directly related to real estate. We all need a break sometimes. If you have any questions about what you read or would like additional information, please fill in the form below or give me a call at 404.630.3187.
November 26th, 2007 at 10:28 am
Interesting stuff Ryan. The national average is about 21% for subprime loans so Georgia as a whole is above the average. It looks like most of North Georgia and the northern suburbs of Atlanta are below the national average but the rest of the state has more subprime loans than the national average which lends itself to a high foreclosure rate.
July 16th, 2008 at 4:41 pm
This is very helpful. I’ve been thinking of investing in Atlanta. I have a Real Estate school in New York, so I know that market best.