Redfin, Seattle, said popular second-home destinations including the Jersey Shore, Cape Cod, Lake Tahoe, Palm Springs and Bend, Ore., are heating up and becoming full-time residences for homebuyers who have the luxury of working remotely.
ATTOM Data Solutions, Irvine, Calif., reported 200,065 properties in the process of foreclosure in the fourth quarter, down by 7.3 percent from the third quarter. Of those, then number sitting empty—also known as “zombie” foreclosures, fell by 4.4 percent to 7,612.
ATTOM Data Solutions, Irvine, Calif., reported just 27,016 properties with foreclosure filings in the third quarter, down by 12 percent from the previous quarter and down by 81 percent from a year ago to the lowest level since it began tracking quarterly filings in 2008.
ATTOM Data Solutions, Irvine, Calif., said its third-quarter Special Report shows pockets of the Northeast and Mid-Atlantic regions most at risk, with clusters in the New York City, Baltimore, Philadelphia and Washington, D.C. areas – while the West and now Midwest are less vulnerable.
ATTOM Data Solutions, Irvine, Calif., said its third quarter Vacant Property and Zombie Foreclosure Report showed 1.5 million residential properties in the United States are vacant, representing 1.6 percent of all homes. Nearly 4 percent of these vacant homes face foreclosure—so-called “zombie foreclosures.”
Next week, the Mortgage Bankers Association releases its 2nd Quarter National Delinquency Survey. This week, ATTOM Data Solutions, Irvine, Calif., said foreclosure moratoria stemming from the coronavirus pandemic kept new foreclosure filings low—but warned they could increase dramatically once those moratoria expire.