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Business/Finance
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Title: 13 markets where you're most likely to see vacant, 'zombie' homes
Source: [None]
URL Source: http://www.businessinsider.com/13-m ... e-homes-2016-9/#rochester-ny-7
Published: Sep 8, 2016
Author: Bob Bryan
Post Date: 2016-09-08 07:18:08 by Ada
Keywords: None
Views: 652
Comments: 6

The housing market, despite new problems cropping up, has pulled itself out of the depths of its crisis from 2007 to 2009.

Foreclosure rates have fallen back to their pre-crisis averages and vacancy rates have declined as well.

This, however, is a bird's eye view of the whole situation. Housing is a local issue, and different cities have weathered the storm of the crisis differently.

One of the indelible marks of the crisis was the empty, foreclosed homes. While foreclosures take a long time and can leave people living in a foreclosed home, the boarded-up, foreclosed home was an unforgettable mark from the crisis.

ATTOM Data Solutions, formerly known as RealtyTrac, calls these "zombie" homes. "Zombie" homes have declined nationwide since the peak of the crisis, according to ATTOM, but in some markets they are more prevalent than others.

We've taken ATTOM's data and compiled a list of the 13 large housing markets in which "zombie" homes make up at least 7% of all foreclosed homes.

Check out the markets below.

Click for Full Text!

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Begin Trace Mode for Comment # 2.

#1. To: Ada (#0)

Gonna be a lot more zombie homes as white seniors die off.

Prefrontal Vortex  posted on  2016-09-08   12:23:08 ET  Reply   Untrace   Trace   Private Reply  


#2. To: Prefrontal Vortex (#1)

Gonna be a lot more zombie homes as white seniors die off.

Notice quite a few of the areas are in Florida.

Ada  posted on  2016-09-09   20:54:49 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 2.

#4. To: Ada (#2)

Notice quite a few of the areas are in Florida.

There are several vacant homes out here in this small town in SW Missouri. Sometimes the crack heads get in them and start a fire to cook their dope. They end up burning down the house.

It does happen, but we have a very friendly police department here. Once in a while they will even wave at you. I haven't seen that since I lived in Chicago and knew Officer Friendly. ;)

BTP Holdings  posted on  2016-09-09 21:16:55 ET  Reply   Untrace   Trace   Private Reply  


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