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Metro East REIA

Zombies Decline In Q3 as Foreclosure Moratorium Ends

According to ATTOM Data’s Q3, 2021 Vacant and Zombie Foreclosure Report, there are 1.3 million residential properties in the U.S. sitting vacant, representing 1.4% or one in 74 homes nationwide. In addition, the report says that 215,495 properties are in the process of foreclosure in Q3 down 3.7% from the Q2, 2021 and down 0.2% from Q3,2020. Among those pre-foreclosure properties, 7,538 sit vacant in the Q3, 2021. ATTOM says the Q3 zombie foreclosure numbers reflect one of many measures showing how strong the U.S. housing market remains, but also one likely to face a downturn to varying degrees across the country over the coming year. Continue reading HERE...

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