Because we’ve been leading the nation:
“Foreclosures made up 38 percent of all home sales in Georgia during the third quarter. That was the highest percentage of any state. Experts say chronic high unemployment and underemployment are keeping many Georgians from staying in their homes.”
More than a third of all SALES were foreclosures? Why do they even count as sales? How about this recent “transaction,” as reported in the AJC:
“Reneka Wheeler and Michelene Meusa have been on the streets since July, shuffling between homeless shelters with their two kids. On Thursday, they moved into a bright pink bungalow in SW Atlanta’s hardscrabble Pittsburgh community — not as owners or tenants, but as occupiers. “We’re taking one back from the bank,” said Meusa, adding they have the blessing of the home’s former owners.”
I mean, they got the blessing of the “former owners,” so that’s a legitimate sale, right?