From New York Post · · 50s
Zombie Foreclosures Drop But Thousands Remain
US zombie foreclosures decline as 8,040 abandoned homes persist nationwide.
In brief
US zombie foreclosures decline as 8,040 abandoned homes persist nationwide. US zombie foreclosures fell to 3% of foreclosure process but 8,040 properties remain abandoned. Originally reported by New York Post.
Zombie Foreclosures Decline
US zombie foreclosures account for 3% of homes in foreclosure process, down from 3.3% a year earlier.
8,040 Abandoned Homes Remain
8,040 properties remain in zombie status nationwide while 29 states recorded quarterly increases.
Youngstown Ohio Case
Youngstown, Ohio has 13% of properties in foreclosure classified as zombies, more than four times the national rate.
State Increases
Wisconsin, Maryland, Pennsylvania and Texas saw 19.2% to 20.9% jumps in zombie properties.
National Vacancy Rate Drops
US residential vacancy rate slipped to 1.2%, down from 1.3% in previous quarter and same period last year.
The key point
US zombie foreclosures fell to 3% of foreclosure process but 8,040 properties remain abandoned.
