"Colorado experienced a 115% increase in zombie foreclosures, leading the U.S., followed closely by Washington state with a 114% jump. Vacant and zombie properties can negatively impact the value of surrounding properties and have repercussions on the local housing market, warns Rob Barber, CEO of ATTOM. ATTOM's data revealed that 3.38% of properties in foreclosure were considered zombie homes, signaling a slight increase compared to previous quarters."
"According to a report by ATTOM, 1.4 million residential properties across the U.S. are vacant, with significant increases in zombie foreclosures in various states. The rise in zombie foreclosures coincides with a 20.9% year-over-year increase in active inventory of homes for sale. While some states saw a rise in zombie properties, others like Georgia, New Jersey, Illinois, and New York have witnessed a decrease in zombie rates, indicating a positive trend in the housing market."
1.4 million residential properties across the U.S. are vacant, and zombie foreclosures have increased notably in several states. Colorado recorded a 115% increase and Washington a 114% increase in zombie foreclosures. ATTOM reports that 3.38% of properties in foreclosure are classified as zombie homes, a modest uptick from prior quarters. Vacant and zombie properties can depress surrounding property values and strain local housing markets. The rise in zombie foreclosures coincides with a 20.9% year-over-year increase in active housing inventory. Several states saw declines in zombie rates, signaling localized variation.
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