‘Zombie’ Foreclosures Lurking?

More than 1.5 million—or 1.5% of U.S. single-family homes and condos—were vacant in the fourth quarter of 2019 , according to a new report from ATTOM Data Solutions. Marking improvements, but so-called “zombie” foreclosures are still plaguing some markets.

Despite an ongoing housing shortage, several markets are still dealing with zombie foreclosures. These are homes that have been vacated by the owners and remain vacant while lingering in the foreclosure process. The percentage of zombie properties was at 2.96% in the fourth quarter, down from 3.2% in the third quarter.