Economy

Columbus, Ga.'s foreclosures surge 29% in February

Home foreclosures headed for auction outside the courthouse in Columbus have jumped 29 percent this month, according to a review of required legal notices filed with the Ledger-Enquirer.

Meanwhile, a separate housing barometer released Wednesday by Zillow, an online firm that tracks the U.S. real-estate market, found that Columbus home values fell 3.6 percent last year.

On the foreclosure front, there are 146 properties listed in the February legals for homes to be sold on March 2, compared to 113 in January, the Ledger-Enquirer review shows.

hose numbers compare to 126 home foreclosure listings in January 2009 and 73 in February 2009. This month’s 146 notices represent a 100 percent increase over February of last year.

The concern for the local housing industry is if this month’s spike is an aberration before a hoped-for slowing of filings, or is it a sign of a new wave of foreclosures.

Read the complete story at ledger-enquirer.com

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