Zombie Homes are Nationwide

first_img About Author: Seth Welborn  Print This Post Zombie Homes are Nationwide Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Over 1.5 million (1,530,563) U.S. single-family homes and condos are vacant, representing 1.6% of all homes, according to a new report from ATTOM Data Solutions. The report revealed that there are a total of 9,612 “zombie” homes or properties facing possible foreclosure which have been vacated by their owners nationwide, with the highest number of zombie properties in New York (2,428), followed by Florida (1,634), Illinois (985), Ohio (891) and New Jersey (463).The top 10 metros with the highest number of zombie properties (with at least 100,000 residential properties) are New York-Newark-Jersey City, NY-NJ-PA (1,566); Chicago-Naperville-Elgin, IL-IN-WI (534); Miami-Fort Lauderdale-West Palm Beach, FL (506); Cleveland-Elyria, OH (431); Tampa-St. Petersburg-Clearwater, FL (351); Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (281); Albany-Schenectady-Troy, NY (174); Rochester, NY (172); Baltimore-Columbia-Towson, MD (171); and Jacksonville, FL (155).The top 10 zip codes with the highest number of zombie properties (with at least 100 properties in pre-foreclosure) are 44105 in Cleveland, OH (57); 44108 in Cleveland, OH (54); 61605 in Peoria, IL (53); 44112 in Cleveland, OH (37); 14701 in Jamestown, NY (30); 11967 in New York, NY (28); 11520 in New York, NY (27); 11717 in New York, NY (27); 34668 in Tampa, FL (26); and 12078 in Gloversville, NY (26).The top 10 counties with the highest number of zombie properties (with at least 500 properties in foreclosure) are Suffolk, NY (475); Cuyahoga, OH (392); Nassau, NY (322); Cook, IL (316); Broward, FL (181); Pinellas, FL (174); Palm Beach, FL (172); Miami-Dade, FL (153); Monroe, FL (143); and Duval, FL (131).ATTOM’s Q3 2019 Vacant Property and Zombie Foreclosure Report also noted the highest levels of vacant investor-owned properties were in Indiana (8.8%), Kansas (6.7%), Minnesota (6.0%), Ohio, (5.9%) and Rhode Island (5.8%).At the zip code level, the top 10 zip codes with the highest number of vacant investor-owned properties were in these zips: 29928 in Hilton Head Island, SC (4,941); 48505 in Flint, MI (2,828); 29582 in Myrtle Beach, SC (2,728); 29572 in Myrtle Beach (2,325); 48504 in Flint, MI (1,774); 48227 in Detroit, MI (1,733); 92262 in Riverside, CA (1,727); 48228 in Detroit, MI (1,670); 19132 in Philadelphia, PA (1,648); and 48224 in Detroit, MI (1.627). Data Provider Black Knight to Acquire Top of Mind 2 days ago August 27, 2019 4,052 Views Abandoned Foreclosure Zombie Properties 2019-08-27 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Previous: Top Concerns for Investors Next: The Value of Valuations: What’s It Worth? Tagged with: Abandoned Foreclosure Zombie Properties Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, Loss Mitigation, News, REO Home / Daily Dose / Zombie Homes are Nationwide Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Subscribelast_img read more