{"id":16949,"date":"2020-02-28T15:06:44","date_gmt":"2020-02-28T15:06:44","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=16949"},"modified":"2020-02-28T15:06:44","modified_gmt":"2020-02-28T15:06:44","slug":"foreclosures-are-rising-again","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosures-are-rising-again\/","title":{"rendered":"Foreclosures Are Rising Again"},"content":{"rendered":"

Foreclosures Are Rising Again<\/h1>\n

More vacant foreclosures are appearing in some markets. But while pockets of property distress continue to haunt those areas, economists say there\u2019s no need for panic.<\/p>\n

Vacant homes in foreclosure limbo\u2014labeled \u201czombie foreclosures\u201d\u2014rose 3.1% in the first quarter, according to a newly released report from ATTOM Data Solutions, a real estate data firm. About 282,800 homes are in the process of foreclosure, and 8,700 are sitting empty as zombie foreclosures, the report notes.<\/p>\n

While the percentage has risen, it is still down from 5.8% in the first quarter of 2014, when zombie foreclosures were much more troublesome for the housing market.<\/p>\n

The number of properties in the process of foreclosure in the first quarter of this year is falling, but the number of vacant foreclosures that occupy that number is rising, the report indicates.<\/p>\n

\u201cHomes abandoned by owners facing a possible foreclosure remain little more than a blip on the radar across the country, as one of the main scourges of the Great Recession continues to show little or no signs of re-emerging,\u201d says Todd Teta, chief product officer with ATTOM Data Solutions. \u201cEven with the slight increase in these so-called \u2018zombie foreclosures,\u2019 so far this year, there are still pockets of distress with elevated numbers of abandoned homes. But in yet another reflection of how the national housing market is still booming, you can drive through many towns and not pass a single such property.\u201d<\/p>\n

By metro level, Peoria, Ill., has the highest percent of zombie foreclosures at 12.7%, followed by Cleveland at 10.5%, Youngstown, Ohio at 9.1%, Syracuse, N.Y., at 8.8%, and Knoxville, Tenn., at 8.8%.<\/p>\n

Overall, more than 1.52 million U.S. single-family homes and condos are vacant, which represents 1.5% of all homes, according to the report. Zombie foreclosures represent a fragment of that\u2014one in every 175 properties, or less than 1 percent, according to the report.<\/p>\n

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Source:<\/div>\n
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ATTOM Data Solutions<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Foreclosures Are Rising Again More vacant foreclosures are appearing in some markets. But while pockets of property distress continue to haunt those areas, economists say there\u2019s no need for panic. Vacant homes in foreclosure limbo\u2014labeled \u201czombie foreclosures\u201d\u2014rose 3.1% in the first quarter, according to a newly released report from ATTOM Data Solutions, a real estate … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-16949","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nForeclosures Are Rising Again - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Foreclosures Are Rising Again. In all areas of the USA. 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