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The third quarter saw 92,422 single-family houses and condominiums in the United States flipped.
Total loans in the third quarter decreased 47% year-over-year — the largest annual drop in 21 years.
Completed foreclosures increased by 18% while foreclosure starts stayed flat.
Nearly 50% of mortgaged residential properties in the nation are equity-rich.
Despite the uptick, zombie properties still represent just one of every 13,000 residential properties nationwide.
'If the Federal Reserve’s objective was to slow down the housing market, it succeeded spectacularly,' an ATTOM EVP said.
