Latest news with #2025VacantPropertyandZombieForeclosureReport
Yahoo
29-05-2025
- Business
- Yahoo
U.S. HOME VACANCY RATE STEADY FOR 13th STRAIGHT QUARTER
Nationwide Home Vacancy Rate at 1.3 Percent for More than Three Years; Proportion of Zombie Homes Rose Year-Over-Year IRVINE, Calif., May 29, 2025 /PRNewswire/ -- ATTOM, a leading curator of land, property data, and real estate analytics, today released its second-quarter 2025 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,382,480) residential properties, about 1.3 percent of all homes in the United States, are vacant. The latest data marks the thirteenth consecutive quarter that the vacancy rate has hovered around 1.3 percent. The report analyzes publicly recorded real estate data collected by ATTOM — including foreclosure status, equity and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology below). ATTOM's analysis shows that 222,358 properties were in the foreclosure process during the second quarter of 2025, up 4.8 percent from the first quarter of the year but down 6.3 percent year-over-year. Prior to this latest increase, the number of properties in foreclosure had gone down in each of the previous five quarters. In the second quarter, 7,329 of those pre-foreclosure properties, 3.3 percent, were "zombie" properties, meaning they had been abandoned by their owners and sat vacant during the foreclosure process. The proportion of pre-foreclosure homes that are vacant is essentially the same as the first quarter of 2025 but up slightly from 2.9 percent during the same period last year. Zombie properties, which can fall into disrepair and negatively impact property values in a neighborhood, are seen as a sign of an unhealthy housing market and economy. The low rate of zombie properties—only one in every 14,207 homes in the U.S. in the second quarter of 2025—is indicative of the strength of the post-pandemic housing market. "Thankfully, we're not seeing a lot of homes sitting vacant due to pending foreclosures, which is good for families, neighborhoods, and the market," said Rob Barber, CEO of ATTOM. "However, foreclosure filings have shown a recent uptick—with April seeing a 14 percent increase compared to the same month last year." "So far, buyers seem to be scooping up these repossessed homes relatively quickly, so they aren't sitting empty," Barber added. "Nobody wants to see a return to the days of the 2008 housing crisis when vacant, blighted homes were common in many parts of the country." Small statewide shifts in numbers of zombie homesThe number of zombie properties increased quarter-over-quarter in 30 states and the District of Columbia, but mostly by small amounts. The changes were also relatively small in the 19 states that saw their number of zombie properties fall. Year-over-year, the biggest percent increases in states that had at least 50 zombie homes were in North Carolina (52.5 percent more zombie properties, from 59 in the second quarter of 2024 to 90 in the second quarter of 2025), Iowa (up 52.1 percent, from 71 to 108), Texas (up 51.9 percent from 162 to 246), South Carolina (up 43.8 percent from 64 to 92), and Kansas (up 29 percent, from 69 to 89) The biggest yearly decreases among states with at least 50 zombie homes in the second quarter of 2024 were Massachusetts (down 48.7 percent, from 76 to 39), Maryland (down 22.1 percent, from 86 to 67), New Jersey (down 17.6 percent, from 239 to 197), California (down 8.9 percent, from 269 to 245), and Illinois (down 8.8 percent, from 724 to 660). Highest vacancy rates in the South, lowest in the NortheastThe vacancy rate for residential properties in the U.S. has remained steady around 1.3 percent for thirteen consecutive quarters. The states with the highest home vacancy rates in the second quarter of 2025 were Oklahoma (2.4 percent), Kansas (2.3 percent), Alabama (2.2 percent), Missouri (2.2 percent), and West Virginia (2.1 percent). The states with the lowest home vacancy rates in the most recent quarter were New Hampshire (0.3 percent), Vermont (0.4 percent), New Jersey (0.5 percent), Idaho (0.5 percent), and Connecticut (0.5 percent). Most large metro areas have zombie home rates below national rateAbout 55 percent (76) of the 138 metropolitan statistical areas in our analysis that had at least 100,000 residential properties and at least 100 properties in pre-foreclosure during the second quarter of 2025 had zombie foreclosure rates below the national rate of 3.3 percent. The metro areas with the highest proportion of pre-foreclosure homes that were vacant were Wichita, KS (12.1 percent); Peoria, IL (11.8 percent); Toledo, OH (10.2 percent); Cedar Rapids, IA (10.2 percent); and Cleveland, OH (10 percent). The metro areas with the lowest proportion of zombie foreclosures were Barnstable, MA (0 percent); Atlantic City, NJ (0.2 percent); Provo, UT (0.3 percent); Trenton, NJ (0.5 percent); and Stockton, CA (0.6 percent). Investor and bank owned homes see higher vacancy ratesThere were 24.8 million investor-owned properties in our analysis of second quarter 2025 home data, with a nationwide vacancy rate of 3.5 percent. The states with the highest investor-owned vacancy rates were Indiana (7.3 percent), Illinois (6.2 percent), Alabama (6 percent), Oklahoma (6 percent), and Ohio (5.8 percent) The states with the lowest investor-owned vacancy rates were New Hampshire (0.9 percent), Vermont (1 percent), Idaho (1.2 percent), Utah (1.5 percent), and North Dakota (1.6 percent). A third of zip codes have high zombie home ratesAbout 36 percent (781) of the 2,166 zip codes in ATTOM's analysis that had at least 25 properties in pre-foreclosure during the second quarter of 2025 had zombie foreclosure rates above the national rate of 3.3 percent. While in 42 percent (903) of those zip codes, there were no zombie foreclosures. The zip codes with the highest zombie foreclosure rates were 61605 in Peoria, IL (51.9 percent); 44108 in Cleveland, OH (42.2 percent); 61603 in Peoria, IL (34.6 percent), 32118 in Deltona, FL (34.2 percent), and 33708 in Tampa, FL (33.3 percent). Report Methodology ATTOM analyzed county tax assessor data for 104.1 million residential properties for vacancy, broken down by foreclosure status and owner-occupancy status in the second quarter of 2025. Only metropolitan statistical areas with at least 100,000 residential properties, counties with at least 50,000 residential properties and zip codes with at least 1,000 residential properties were included in the analysis. About ATTOM ATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID. From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, ATTOM Cloud, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more. Media Contact:Megan Data and Report Licensing:datareports@ View original content to download multimedia: SOURCE ATTOM
Yahoo
29-05-2025
- Business
- Yahoo
U.S. HOME VACANCY RATE STEADY FOR 13th STRAIGHT QUARTER
Nationwide Home Vacancy Rate at 1.3 Percent for More than Three Years; Proportion of Zombie Homes Rose Year-Over-Year IRVINE, Calif., May 29, 2025 /PRNewswire/ -- ATTOM, a leading curator of land, property data, and real estate analytics, today released its second-quarter 2025 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,382,480) residential properties, about 1.3 percent of all homes in the United States, are vacant. The latest data marks the thirteenth consecutive quarter that the vacancy rate has hovered around 1.3 percent. The report analyzes publicly recorded real estate data collected by ATTOM — including foreclosure status, equity and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology below). ATTOM's analysis shows that 222,358 properties were in the foreclosure process during the second quarter of 2025, up 4.8 percent from the first quarter of the year but down 6.3 percent year-over-year. Prior to this latest increase, the number of properties in foreclosure had gone down in each of the previous five quarters. In the second quarter, 7,329 of those pre-foreclosure properties, 3.3 percent, were "zombie" properties, meaning they had been abandoned by their owners and sat vacant during the foreclosure process. The proportion of pre-foreclosure homes that are vacant is essentially the same as the first quarter of 2025 but up slightly from 2.9 percent during the same period last year. Zombie properties, which can fall into disrepair and negatively impact property values in a neighborhood, are seen as a sign of an unhealthy housing market and economy. The low rate of zombie properties—only one in every 14,207 homes in the U.S. in the second quarter of 2025—is indicative of the strength of the post-pandemic housing market. "Thankfully, we're not seeing a lot of homes sitting vacant due to pending foreclosures, which is good for families, neighborhoods, and the market," said Rob Barber, CEO of ATTOM. "However, foreclosure filings have shown a recent uptick—with April seeing a 14 percent increase compared to the same month last year." "So far, buyers seem to be scooping up these repossessed homes relatively quickly, so they aren't sitting empty," Barber added. "Nobody wants to see a return to the days of the 2008 housing crisis when vacant, blighted homes were common in many parts of the country." Small statewide shifts in numbers of zombie homesThe number of zombie properties increased quarter-over-quarter in 30 states and the District of Columbia, but mostly by small amounts. The changes were also relatively small in the 19 states that saw their number of zombie properties fall. Year-over-year, the biggest percent increases in states that had at least 50 zombie homes were in North Carolina (52.5 percent more zombie properties, from 59 in the second quarter of 2024 to 90 in the second quarter of 2025), Iowa (up 52.1 percent, from 71 to 108), Texas (up 51.9 percent from 162 to 246), South Carolina (up 43.8 percent from 64 to 92), and Kansas (up 29 percent, from 69 to 89) The biggest yearly decreases among states with at least 50 zombie homes in the second quarter of 2024 were Massachusetts (down 48.7 percent, from 76 to 39), Maryland (down 22.1 percent, from 86 to 67), New Jersey (down 17.6 percent, from 239 to 197), California (down 8.9 percent, from 269 to 245), and Illinois (down 8.8 percent, from 724 to 660). Highest vacancy rates in the South, lowest in the NortheastThe vacancy rate for residential properties in the U.S. has remained steady around 1.3 percent for thirteen consecutive quarters. The states with the highest home vacancy rates in the second quarter of 2025 were Oklahoma (2.4 percent), Kansas (2.3 percent), Alabama (2.2 percent), Missouri (2.2 percent), and West Virginia (2.1 percent). The states with the lowest home vacancy rates in the most recent quarter were New Hampshire (0.3 percent), Vermont (0.4 percent), New Jersey (0.5 percent), Idaho (0.5 percent), and Connecticut (0.5 percent). Most large metro areas have zombie home rates below national rateAbout 55 percent (76) of the 138 metropolitan statistical areas in our analysis that had at least 100,000 residential properties and at least 100 properties in pre-foreclosure during the second quarter of 2025 had zombie foreclosure rates below the national rate of 3.3 percent. The metro areas with the highest proportion of pre-foreclosure homes that were vacant were Wichita, KS (12.1 percent); Peoria, IL (11.8 percent); Toledo, OH (10.2 percent); Cedar Rapids, IA (10.2 percent); and Cleveland, OH (10 percent). The metro areas with the lowest proportion of zombie foreclosures were Barnstable, MA (0 percent); Atlantic City, NJ (0.2 percent); Provo, UT (0.3 percent); Trenton, NJ (0.5 percent); and Stockton, CA (0.6 percent). Investor and bank owned homes see higher vacancy ratesThere were 24.8 million investor-owned properties in our analysis of second quarter 2025 home data, with a nationwide vacancy rate of 3.5 percent. The states with the highest investor-owned vacancy rates were Indiana (7.3 percent), Illinois (6.2 percent), Alabama (6 percent), Oklahoma (6 percent), and Ohio (5.8 percent) The states with the lowest investor-owned vacancy rates were New Hampshire (0.9 percent), Vermont (1 percent), Idaho (1.2 percent), Utah (1.5 percent), and North Dakota (1.6 percent). A third of zip codes have high zombie home ratesAbout 36 percent (781) of the 2,166 zip codes in ATTOM's analysis that had at least 25 properties in pre-foreclosure during the second quarter of 2025 had zombie foreclosure rates above the national rate of 3.3 percent. While in 42 percent (903) of those zip codes, there were no zombie foreclosures. The zip codes with the highest zombie foreclosure rates were 61605 in Peoria, IL (51.9 percent); 44108 in Cleveland, OH (42.2 percent); 61603 in Peoria, IL (34.6 percent), 32118 in Deltona, FL (34.2 percent), and 33708 in Tampa, FL (33.3 percent). Report Methodology ATTOM analyzed county tax assessor data for 104.1 million residential properties for vacancy, broken down by foreclosure status and owner-occupancy status in the second quarter of 2025. Only metropolitan statistical areas with at least 100,000 residential properties, counties with at least 50,000 residential properties and zip codes with at least 1,000 residential properties were included in the analysis. About ATTOM ATTOM powers innovation across industries with premium property data and analytics covering 158 million U.S. properties—99% of the population. Our multi-sourced real estate data includes property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, neighborhood and geospatial boundary information, all validated through a rigorous 20-step process and linked by a unique ATTOM ID. From flexible delivery solutions—such as Property Data APIs, Bulk File Licenses, ATTOM Cloud, Real Estate Market Trends—to AI-Ready datasets, ATTOM fuels smarter decision-making across industries including real estate, mortgage, insurance, government, and more. Media Contact:Megan Data and Report Licensing:datareports@ View original content to download multimedia: SOURCE ATTOM Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
20-02-2025
- Business
- Yahoo
ZOMBIE FORECLOSURES REMAIN A SMALL FRACTION OF U.S. HOUSING INVENTORY IN FIRST QUARTER OF 2025
Only One in 14,700 U.S. Homes Sit Vacant During Foreclosure, Near Five-Year Low; Zombie Foreclosures Virtually Unchanged Quarterly, Down 3 Percent Annually; Trends Hold as Overall Foreclosure Activity Remains Down IRVINE, Calif., Feb. 20, 2025 /PRNewswire/ -- ATTOM, a leading curator of land, property data, and real estate analytics, today released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,372,396) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 76 homes, across the nation – the same as in the fourth quarter of last year and up slightly from a year ago. The report analyzes publicly recorded real estate data collected by ATTOM — including foreclosure status, equity and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology below). The report also reveals that 212,268 residential properties in the U.S. are in the process of foreclosure in the first quarter of this year, down 1.5 percent from the fourth quarter of last year and down 12.6 percent from the first quarter of 2024. Foreclosure activity has decreased for five consecutive quarters following a surge in cases that occurred after the nationwide moratorium on lenders pursuing delinquent homeowners—implemented during the COVID-19 pandemic—was lifted in mid-2021. Among those pre-foreclosure properties, 7,094 sit vacant as zombie foreclosures (pre-foreclosure properties abandoned by owners) in the first quarter of 2025. That figure is virtually the same as in the last quarter, but down 3.3 percent from a year ago. The first-quarter data represents another measure in a long-term pattern of zombie properties representing just a miniscule portion of the nation's total housing stock. Currently, only one in every 14,668 homes across the U.S. has been vacated due to foreclosure, an improvement from one in 14,591 in late 2024 and one in 13,905 during the first quarter of last year. This ratio remains well below the recent peak of one in 11,412 recorded in late 2023, representing one of the lowest levels in the past five years. Those numbers mean that most neighborhoods around the U.S. are totally or almost completely free of zombie foreclosures that can attract vandals and spread blight. The scenario stands out yet again as one of many enduring effects of a housing market boom around the nation now in its 14th year. "You'd have to take a very long walk through most U.S. communities to come across even one zombie foreclosure—and even then, you might not find any," said Rob Barber, CEO of ATTOM. "This marks a significant turnaround from the period following the Great Recession in the late 2000s, when a collapsing housing market and abandoned properties posed serious risks to many neighborhoods. The latest figures highlight one of the many benefits of the nation's prolonged housing market boom for both homeowners and renters alike." He added that "we have every reason to believe this will continue into the foreseeable future, given high levels of equity flowing from rising home prices and historically low supplies of homes for sale that make the few abandoned properties out there more likely to be snapped up by buyers." Zombie foreclosures either down or up by small amounts around U.S. A total of 7,094 residential properties facing possible foreclosure have been vacated by their owners nationwide in the first quarter of 2025, down 0.2 percent from 7,109 in the fourth quarter of 2024 and down 3.3 percent from 7,338 in the first quarter of 2024. The number of zombie properties has gone down or remained the same quarterly in 22 states, usually decreasing by less than 25. The number has increased in 28 states, again by small amounts. The biggest percent decreases from the first quarter of 2024 to the first quarter of 2025 in states that had at least 50 zombie homes a year ago are in Maryland (zombie properties down 38 percent, from 104 to 65), Georgia (down 35 percent, from 81 to 53), California (down 30 percent, from 310 to 217), New Jersey (down 23 percent, from 260 to 199) and Ohio (down 16 percent, from 597 to 503). The largest annual increases among states that had at least 50 zombie foreclosures in the first quarter of 2025 have come in Missouri (zombie properties up 85 percent, from 27 to 50), Michigan (up 51 percent, from 55 to 83), South Carolina (up 31 percent, from 74 to 97), Indiana (up 28 percent, from 215 to 276) and Kansas (up 26 percent, from 69 to 87). Overall vacancy rates shift by tiny amounts The vacancy rate for all residential properties in the U.S. has remained virtually the same for 12 quarters in a row, hovering around 1.3 percent. The latest figure of 1.32 percent (one in 76 properties) is almost the same as the 1.31 percent level in fourth quarter of 2024 and up slightly from 1.26 percent in the first quarter of last year. States with the highest vacancy rates for all residential properties are Oklahoma (2.41 percent during the first quarter of this year), Kansas (2.34 percent), Missouri (2.18 percent), Alabama (2.16 percent) and West Virginia (2.09 percent). Those with the lowest overall vacancy rates are New Hampshire (0.34 percent), Vermont (0.41 percent), New Jersey (0.49 percent), Idaho (0.52 percent) and Connecticut (0.56 percent). Other high-level findings from the first quarter of 2025: Among 171 metropolitan statistical areas in the U.S. with at least 100,000 residential properties in the first quarter of 2025, those with at least 100 properties facing possible foreclosure and the highest zombie foreclosure rates are Peoria, IL (15.5 percent of properties in the foreclosure process are vacant); Wichita, KS (12.5 percent); Kansas City, MO (10.9 percent); Toledo, OH (10.6 percent) and Fort Wayne, IN (10 percent). Aside from Kansas City, the highest zombie-foreclosure rates in major metro areas with at least 500,000 residential properties and at least 100 homes facing foreclosure in the first quarter of 2025 are in Cleveland, OH (9.1 percent of homes in the foreclosure process are vacant); St. Louis, MO (8.9 percent); Indianapolis, IN (8.5 percent) and Detroit, MI (6.1 percent). Among the 24.8 million investor-owned homes throughout the U.S. in the first quarter of 2025, about 877,800 are vacant, or 3.5 percent. The highest levels of vacant investor-owned homes are in Indiana (6.9 percent vacant), Illinois (6 percent), Alabama (6 percent), Oklahoma (5.9 percent) and Kansas (5.9 percent). Among the roughly 12,300 foreclosed, bank-owned homes in the U.S. during the first quarter of 2025, 14 percent are vacant. In states with at least 50 bank-owned homes, the largest vacancy rates are in Kansas (37.7 percent vacant), Indiana (27.6 percent), Missouri (23.9 percent), Ohio (22.4 percent) and Illinois (22 percent). The highest zombie-foreclosure rates in U.S. counties with at least 500 properties in the foreclosure process during the first quarter of 2025 are in Broome County (Binghamton), NY (15 percent of homes in the foreclosure process are vacant); Marion County (Indianapolis), IN (11.2 percent); Cuyahoga County (Cleveland), OH (10.4 percent); Niagara County (Niagara Falls), NY (8.7 percent) and Pinellas County (St. Petersburg), FL (8.5 percent). Among zip codes with enough data to analyze, 65 of the top 100 where zombie properties represent the largest portions of all homes are in New York. The highest rates are in zip codes 14892 in Waverly (Tioga County), NY (one in 260 homes); 12202 in Albany (Albany County), NY (one in 265); 61605 in Peoria (Peoria County), IL (one in 274 homes); 12887 in Whitehall (Washington County), NY (one in 283) and 13795 in Kirkwood (Broome County), NY (one in 284 homes). Report Methodology ATTOM analyzed county tax assessor data for 103.7 million residential properties for vacancy, broken down by foreclosure status and owner-occupancy status in the fourth quarter of 2024. Only metropolitan statistical areas with at least 100,000 residential properties, counties with at least 50,000 residential properties and zip codes with at least 1,000 residential properties were included in the analysis. About ATTOM ATTOM provides premium property data and analytics that power a myriad of solutions that improve transparency, innovation, digitization and efficiency in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include ATTOM Cloud, bulk file licenses, property data APIs, real estate market trends, property navigator and more. Also, introducing our newest innovative solution, making property data more readily accessible and optimized for AI applications – AI-Ready Solutions. Media Contact:Megan Data and Report Licensing:datareports@ View original content to download multimedia: SOURCE ATTOM Sign in to access your portfolio
