ATTOM Data’s Q4 2024 Vacant Property and Zombie Foreclosure Report
According to ATTOM Data’s Q4 2024 Vacant Property and Zombie Foreclosure Report, there were nearly 1.4 million residential properties in the U.S. sitting vacant in Q4. That figure represents 1.3%, or one in 77 homes, across the nation – roughly the same as in the 3rd quarter. ATTOM also says there were 215,601 residential properties in the process of foreclosure in Q4 2024, down 3.3% from the third quarter and down 32.8% from the 4th quarter of 2023. In addition, they report that there were around 7,100 zombie foreclosures (pre-foreclosure properties abandoned by owners) in Q4. That figure is down 20.2% from one year ago. The say the latest count of zombie homes extends a long-term pattern of those properties representing only a tiny portion of the nation’s total housing stock.
“The near-total disappearance of zombie foreclosures has been and still is one of the more subtle, but important benefits of the country’s soaring housing market. Those properties have gone from a plague in many areas of the U.S. following the Great Recession of the late 2000s, when millions of homes fell into foreclosure, to a distant memory in most communities today…” Said Rob Barber, CEO for ATTOM.
Click here to read the full report at ATTOM.