About 3.3% of foreclosure applications in the Winston-Salem metropolitan area in the last 12 months were considered “zombie” or vacant because their owners left, according to Attom Data Solutions’ third-quarter report released Thursday. It was about housing.
A year ago it was 4.5% and in the second quarter it was 3.7%.
Attom defines a zombie house as one in which the property owner has moved or vacated the property and the US Postal Service no longer delivers mail there. Homes are not necessarily foreclosed.
For this analysis, we used Attom’s publicly recorded real estate data, such as foreclosure status and owner occupancy status, and matched it with the postal service’s monthly vacancy data.
Currently, 18 of the 544 homes in pre-foreclosure status in Davidson, Davie, Forsyth, Stokes and Yadkin counties are vacant.
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Attom also measured the number of vacant homes owned by Winston-Salem MSA real estate investors. That total is 3,503 out of 217,504 residential properties, or 1.61%, up from 1.55% in the second quarter.
The Winston-Salem Area Real Estate Association says the only information it has regarding Zombie’s foreclosure is “recorded by listing agents on multiple listing services or anecdotes from members showing properties.” says.
The Greensboro High Point MSA in Guildford, Randolph and Rockingham counties has 18 of 683 pre-foreclosure homes, or 2.64% vacant. This is down from 2.9% in Q2.
When it comes to the number of vacant homes owned by Greensboro-High Point MSA real estate investors, that total is 4,650 out of 250,748 residential properties, or 1.79%, down from 1.84% in the second quarter.
Rick Sharga, Executive Vice President of Market Intelligence at Attom, said: .
“Vacancy rates should remain low as investors and prospective homebuyers compete for limited inventory. The number of properties should continue to grow slowly.”
For the Charlotte-Gastonia-Concord MSA, there were 23 of the 2,203 homes in foreclosure proceedings, or 1.04% vacant. This is up from 1% in Q2.
For the Durham Chapel Hill MSA, 10 of the 322 homes in foreclosure were vacant, or 3.11%. This is down from 3.62% in Q2.
For the Raleigh-Cary MSA, 5 of the 830 homes in foreclosure proceedings, or 0.6%, were vacant. This is down from 0.7% in the second quarter.
North Carolina had 144 out of 7,324 foreclosure proceedings, or 1.97% vacant homes. This is down from his 2.25% in the second quarter.