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According to ATTOM Data’s Q4 2024 Vacant Property and Zombie Foreclosure Report, there were nearly 1.4 million residential properties in the U.S. sitting vacant in Q4. That figure represents 1.3%, or one in 77 homes, across the nation – roughly the same as in the 3rd quarter. ATTOM also says there were 215,601 residential properties in the process of foreclosure in Q4 2024, down 3.3% from the third quarter and down 32.8% from the 4th quarter of 2023. In addition, they report that there were around 7,100 zombie foreclosures (pre-foreclosure properties abandoned by owners) in Q4. That figure is down 20.2% from one year ago. The say the latest count of zombie homes extends a long-term pattern of those properties representing only a tiny portion of the nation’s total housing stock.
“The near-total disappearance of zombie foreclosures has been and still is one of the more subtle, but important benefits of the country’s soaring housing market. Those properties have gone from a plague in many areas of the U.S. following the Great Recession of the late 2000s, when millions of homes fell into foreclosure, to a distant memory in most communities today…” Said Rob Barber, CEO for ATTOM.
Click here to read the full report at ATTOM.
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