Skip to main content

Study Finds 1.5M Residences Are Vacant

Phil Hall
Aug 15, 2019
Photo credit: Getty Images/TennesseePhotographer

ATTOM Data Solutions is reporting there will be more than 1.5 million vacant single-family homes and quarters during the third quarter of this year, representing 1.6 percent of all homes.
 
During the third quarter, more than 304,000 homes were in the process of foreclosure, with about 3.2 percent being so-called "zombie" foreclosures. Washington, D.C. had the highest percentage of zombie foreclosures (12.5 percent), which New York had the highest actual number of zombie properties (2,428).
 
"The blight of vacant, decaying properties facing foreclosure has declined dramatically across the United States–another good-news offshoot of the housing boom that's gone on for eight years," said Todd Teta, chief product officer with ATTOM Data Solutions. "A handful of areas still face notable problems with homes abandoned by owners after they get hit with foreclosure claims. But with the economy improving and the housing market still hot, an expanding number of neighborhoods across the country face little or no problem with these so-called zombie properties."

 
Mortgage Lenders Expect Profit Margins To Shrink

69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.

Industry News
Jun 14, 2021
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021

Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.

Industry News
Jun 14, 2021
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Community
Jun 07, 2021