ATTOM’s latest Q1 2022 Vacant Property and Zombie Foreclosure Report reveals that 1.4 million residential properties in the U.S. sit vacant, representing 1.4 percent, or one in 73 homes, across the nation. The report also shows that 229,864 residential properties in the U.S. are in the process of foreclosure in Q1 2022, and among those pre-foreclosure properties, 7,363 sit vacant.
According to ATTOM’s new vacant properties analysis, the number of pre-foreclosure properties in Q1 2022 is up 3 percent from Q4 2021 and 31 percent from Q1 2021 – marking the second straight quarterly increase since the nationwide moratorium on most lender takeovers of delinquent mortgages was lifted at the end of July.
The report notes that the number of pre-foreclosure properties sitting vacant in Q1 2022 is down quarterly by 0.9 percent but up annually by 10.3 percent. While the portion of pre-foreclosure properties that have been abandoned into zombie status dropped slightly from 3.3 percent in Q4 2021 to 3.2 percent in Q1 2022.
ATTOM’s vacant property and zombie foreclosure report analyzes publicly recorded real estate data collected by ATTOM — including foreclosure status, equity and owner-occupancy status — matched against monthly updated vacancy data.
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