Vacant Property Rate Increases From A Year Ago In 54 Percent Of U.S. Local Housing Markets In Third Quarter Of 2017

Vacant “Zombie” Pre-Foreclosures Down 22 Percent From Year Ago to New Low; Flint, Youngstown, Beaumont, Detroit, Mobile Top List of Most Vacant Metro Areas; Three Out of Four Vacant Residential Properties Nationwide Are Investment Homes

Irvine, CA – Oct. 26, 2017 (PRNewswire) ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report, which shows nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 — representing 1.58 percent of all U.S. residential properties.


The 1.58 percent vacant property rate nationwide decreased slightly from 1.63 percent a year ago, but vacant property rates increased from a year ago in 81 of the 149 metropolitan statistical areas analyzed in the report (54 percent), including Chicago, New York, St. Louis, Baltimore and Phoenix.

The report shows that the number of vacant “zombie” pre-foreclosure properties — which have started the foreclosure process but have not yet been repossessed by the foreclosing lender — decreased 22 percent from a year ago to 14,312 as of the end of Q3 2017, a new low. The number of vacant bank-owned properties decreased 48 percent from a year ago to 24,026 as of the end of Q3 2017.

“Zombie foreclosures have dwindled dramatically over the last four years as a supply-starved housing has soaked up even some of the most highly distressed properties,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “There are still pockets of the country with high zombie foreclosure rates, and high vacant property rates in general, primarily in the Rust Belt and parts of the Northeast and Southeast — driven in large part by a high share of non-owner occupied vacant properties in those areas.”

Zip codes where one in four residential properties is vacant
Among 149 metropolitan statistical areas analyzed in the report, those with the highest vacancy rates were Flint, Michigan (6.89 percent); Youngstown, Ohio (4.49 percent); Beaumont-Port Arthur, Texas (3.80 percent); Detroit, Michigan (3.77 percent); and Mobile, Alabama (3.77 percent).

Among 13,616 U.S. zip codes analyzed in the report, those with the highest vacancy rates were led by three zip codes in the city of Gary, Indiana: 46409 (30.26 percent); 46407 (29.62 percent); and 46402 (29.53 percent), followed by 48505 in Flint, Michigan (29.00 percent); and 44507 in Youngstown, Ohio (25.97 percent).

9 percent of zip codes have no vacant residential properties
Metro areas with the lowest vacancy rates were San Jose, California (0.23 percent); Fort Collins, Colorado (0.24 percent); Lancaster, Pennsylvania (0.26 percent); Manchester, New Hampshire (0.31 percent); and Provo, Utah (0.34 percent).

“The low vacant property rates in the Seattle region are good for landlords and sellers but not so good for buyers or renters,” said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market, where the 0.9 percent vacant property rate was well below the national average and ranked No. 41 lowest among the 149 metro areas analyzed in the report. “It is indicative of the very hot housing market in Seattle and I believe that the percentages could drop even further as we move into 2018.”

There were 1,282 zip codes with no vacant residential properties, including 28078 in Huntersville, North Carolina; 85383 in Peoria, Arizona; 34110 in Naples, Florida; and 33018 in Hialeah, Florida.

“As home values and rental rates have continued to escalate across Southern California, vacant property rates have continued to decline across the region,” said Michael Mahon, president at First Team Real Estate covering the Southern California market. “With housing affordability becoming an increasing topic of concern, many residential properties are being converted to rental property inventory, in attempt to take advantage of the increasing demand of rental properties within the marketplace.”

75 percent of vacant properties are non-owner occupied (investment)
Nationwide more than 1 million non-owner occupied (investment) residential properties (1,032,851) were vacant, representing 4.30 percent of all non-owner occupied residential properties and unchanged from a year ago.

Full Report & Methodology

Zombie foreclosures by state heat map

Vacant property rates by county heat map

Vacant property rates by zip code heat map

Search vacant property data for 120 million U.S. properties

About ATTOM Data Solutions

ATTOM Data Solutions is the curator of the ATTOM Data Warehouse, a multi-sourced national property database that blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, health hazards, neighborhood characteristics and other property characteristic data for more than 150 million U.S. residential and commercial properties. The ATTOM Data Warehouse delivers actionable data to businesses, consumers, government agencies, universities, policymakers including bulk file licenses, APIs and customized reports.


Jennifer von Pohlmann
(949) 502-8300

Custom Reports

(949) 502-8313

Lawrence Yun to Discuss Housing Market at 2017 SCCAOR Convention

San Jose, CA – Oct. 17, 2017 (PRNewswire-USNewswire) Real Estate Professionals from across the Bay Area will come together on Tuesday, October 19th for the Santa Clara County Association of REALTORS® 27th Annual Convention & Expo at the Santa Clara Convention Center.

Santa Clara County Association of Realtors Logo

The Convention floor will open at 9:30 a.m., and Lawrence Yun, the Chief Economist for the National Association of REALTORS®, will take the main stage at 10:00 a.m. His presentation will cover many recent developments in the local and national housing market, the direction of home prices in the next 12 to 24 months, and the impact that the recent Northern California fires could have on the Bay Area economy and housing market.

The Convention will also feature more than 65 exhibitors that provide products, technology, and services to the real estate industry. This will provide an excellent opportunity for REALTORS® to network with businesses and individuals that have a direct impact on their business.

Kristi Kennelly, a national speaker for, will take the main stage at 11:15 a.m. with her presentation, “Crush-It with Disruption: How to Create Reactions & Close Business”. She will dig into easy video production and useful apps that can help increase productivity.

A special panel at 12:30 p.m. will feature Jim Harrison, President and CEO of MLSListings, Inc., and Wes Wiggins, Director of MLS and Industry Development at Zillow Group. Their panel, titled “Consumer Driven Data – The Future of Search”, will be moderated by Keith Robinson, Chief Strategy Officer of NextHome.

Entry to the Convention is $49 at the door ($39 for Members of SCCAOR). For more information and the full speaker schedule, visit You can also download the SCCAOR Convention app at

About the Santa Clara County Association of REALTORS®

SCCAOR, established in 1896, is California’s oldest and Northern California’s largest real estate association. Representing over 6,000 REALTORS® and Affiliate members, SCCAOR exists to meet the business, professional and political needs of its members and to promote, protect homeownership and private property rights.


Spencer High
Phone: (408) 445-5095

C.A.R. releases its 2018 California Housing Market Forecast

Home sales and median price to increase in 2018 but at a slower pace

Los Angeles, Oct. 12, 2017 (PRNewswire-USNewswire) With the economy expected to continue growing, housing demand should remain strong and incrementally boost California’s housing market in 2018, though a shortage of available homes for sale and affordability constraints will be a challenge, according to the “2018 California Housing Market Forecast,” released today by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

CAR Logo

The C.A.R. forecast sees a modest gain in existing single-family home sales of 1.0 percent next year to reach 426,200 units, up slightly from the projected 2017 sales figure of 421,900. The 2017 figure is 1.3 percent higher compared with the 416,700 pace of homes sold in 2016.

“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Geoff McIntosh. “However, a persistent shortage of homes for sale and increasing home prices will dictate the market as housing affordability diminishes for buyers struggling to get into the market.”

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 2.3 percent in 2018, after a projected gain of 2.1 percent in 2017. With California’s nonfarm job growth at 1.2 percent, down from a projected 1.6 percent in 2017, the state’s unemployment rate will dip to 4.6 percent in 2018 compared with 4.8 percent in 2017 and 5.5 percent in 2016.

The average for 30-year, fixed mortgage interest rates will increase slightly to 4.3 percent in 2018, up from 4.0 percent in 2017 and 3.6 percent in 2016, but will still remain low by historical standards.

The California median home price is forecast to increase 4.2 percent to $561,000 in 2018, following a projected 7.2 percent increase in 2017 to $538,500.

“This year’s housing market can be told as a tale of two markets – the inventory constrained lower end and the upper end that’s non-inventory constrained,” said C.A.R. Senior Vice President and Chief Economist Leslie Appleton-Young. “This trend is likely to continue into 2018 as active listings have declined across all price ranges for the past two years, but is most obvious at the lower end.

“With tight inventory being the new ‘norm’ for the past few years and at least the upcoming year, we’ll continue to see fierce competition driving up prices, leading to lower affordability and weaker sales growth.”


Appleton-Young will present an expanded forecast at a luncheon Thursday afternoon during CALIFORNIA REALTOR® EXPO 2017, running Oct. 10-12 at the San Diego Convention Center in San Diego, Calif. The trade show attracts nearly 6,000 attendees and is the largest state real estate trade show in the nation. The remaining highlights of CALIFORNIA REALTOR® EXPO 2017 include:

Thursday, Oct. 12

10:45 a.m. – 11:30 a.m.
Teamwork Makes the Dream Work – Top Teams Panel
Real estate teams are increasingly popular in California. What are the top secrets behind top teams? How do the top teams make it work? What are the biggest challenges and benefits of having a team? How do they create consistency, culture, and motivation? How do teams impact the client experience? Hear the answers from top producing teams as they dish out key advice and takeaways attendees can apply to build their teams and make them thrive.

10:45 a.m. – 11:30 a.m.
Communication Across Cultures
REALTORS® will learn how to handle cultural differences in a transaction, how each culture communicates, and understand different customs, which can mean the difference between landing or losing a listing.

12 noon – 1:30 p.m.
Thursday Lunch: “2018 Housing Market Forecast with Leslie Appleton-Young”
C.A.R. Chief Economist Leslie Appleton-Young will share valuable information and insight about next year’s California housing market, including projected home sales, median prices, housing affordability, inventory supply, and mortgage rates and availability. (Ticketed event)

2 p.m. – 2:45 p.m.
Has it Happened to You? Don’t Be a Victim of Cybercrime
As part of a REALTOR®’s professional duties, their clients trust them with safekeeping important information and documents. Mobile tools and online platforms are being used often in business and in transactions, increasing the risk of cybercrime for REALTORS® and their clients. Data hacking, identity theft and fraud are more prevalent than ever. Learn how to be proactive and protect against cybercrime. Learn what tools and programs will keep files secure and how to respond in the event of a hack, virus, or identity theft.

Journalists who would like to attend CALIFORNIA REALTOR® EXPO 2017, please email or call (213) 739-8304. For more information on CALIFORNIA REALTOR® EXPO 2017, visit

Leading the way …® in real estate news and information for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® ( is one of the largest state trade organizations in the United States, with more than 190,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Redfin: May Housing Market Sets Records for Speed and Competition

The typical home sold in May found a buyer in 37 days

More than a quarter of homes sold for more than their asking price

Seattle, WA – June 15, 2017 (BUSINESS WIRE) U.S. home prices rose 6.8 percent to a median sale price of $288,000 in May, according to Redfin (, the next-generation real estate brokerage. Home sales increased 7.5 percent over last year, despite a long-standing shortage in the supply of homes. The number of homes for sale fell 10.9 percent, leaving just 2.7 months of supply, the lowest supply Redfin has recorded since we began tracking the market in 2010. Six months is generally considered a market balanced between buyers and sellers.


The typical home that sold in May went under contract in 37 days, breaking the previous record of 40 days set in April. More than a quarter of homes sold above their list price, the highest percentage Redfin has recorded. The median sale-to-list price ratio set another record, hitting 95.4 percent in May.

“There is still a lot of momentum in home prices in many metros, not only on the coasts but also in places like Buffalo, Grand Rapids and Omaha,” said Redfin chief economist Nela Richardson. “Strong local economic growth and burgeoning demand from older millennials are accelerating home-price growth in this very competitive, low-inventory pre-summer market. The Federal Reserve’s latest announcement to raise short-term rates will have very little effect on buyer demand or on the overall housing market. If anything, it may motivate buyers to make their purchases sooner rather than later.”

In a Redfin-commissioned survey conducted last month, more than 1,000 homebuyers responded to a question about the effect a hypothetical rate hike above 5 percent would have on their home-buying plans. A quarter said it would have no impact, while nearly as many (23%) said they would increase their urgency to buy before rates went up further. Twenty-nine percent said they would slow down their search and see if rates came back down, 18 percent said their urgency wouldn’t change, but they would look in other areas or buy a smaller home. Just 5 percent said they would cancel their home-buying plans altogether.

Regional May Highlights


  • Denver, CO, was the fastest market for the third month in a row, with nearly half of all homes pending sale in just 6 days. Seattle, WA, was the next fastest markets with 7 median days on market, followed by Grand Rapids, MI (8), Portland, OR (8), and Omaha, NE (9).
  • The most competitive market in May was San Jose, CA, where 74.1% of homes sold above list price, followed by 70.9% in Oakland, CA, 70.1% in San Francisco, CA, 64.1% in Seattle, WA, and 51.8% in Tacoma, WA.


  • Seattle, WA, had the nation’s highest price growth, rising 15.9% since last year to $510,000. Lakeland, FL, had the second-highest growth at 15.1% year-over-year price growth, followed by Tampa, FL (13.2%), Memphis, TN (13%), and Manchester, NH (12.2%).
  • Two metros saw slight price declines in May including Albany, NY (-0.9%), and Baton Rouge, LA (-0.6%).


  • In 29 out of 89 metros, sales surged by double digits from last year. Poughkeepsie, NY, led the nation in year-over-year sales growth, up 44.4%, followed by Memphis, TN, up 40.2%. Philadelphia, PA, rounded out the top three with sales up 28.3% from a year ago.
  • Rochester, NY, had the largest decline in sales since last year, falling 14.3%. Home sales in Santa Rosa, CA, and Buffalo, NY, declined by 11.2% and 10.3%, respectively.


  • Rochester, NY, had the largest decrease in overall inventory, falling 35.7% since last May. Buffalo, NY (-31.9%), San Jose, CA (-31.0%), and Seattle, WA (-27.1%), also had far fewer homes available on the market than a year ago.
  • Ogden, UT, had the highest increase in the number of homes for sale, up 41.4% year over year, followed by Provo, UT (34.9%), and Fort Myers, FL (27.3%).

To read the full report, complete with data and charts, please click here.

About Redfin

Redfin ( is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $40 billion in home sales through 2016.


Redfin Journalist Services
Alina Ptaszynski
(206) 588-6863

National Home Values Surpass Peak

– The median home value across the country is now $198,000, 1 percent higher than peak value hit in April 2007, according to the April Zillow® Real Estate Market Reports

– National home values have returned to peak value for the first time in over a decade.

– U.S. home values rose 7.3 percent over the past year to a Zillow Home Value Index (ZHVI) of $198,000. During the housing boom, home values hit a peak of $196,600.

– Rents rose 0.7 percent over the past year to a Zillow Rent Index (ZRI) of $1,412 per month. Rents in Seattle and Sacramento, Calif. are rising the most.

– There are almost 8 percent fewer homes on the market this year than last, with Minneapolis, Columbus, Ohio and Seattle reporting the greatest drop in inventory.

– Mortgage rates on Zillow ended April at 3.83 percent, down from a high of 3.88 percent in the first few weeks of the month.

Seattle, WA – May 25, 2017 (PRNewswire) National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade, according to the April Zillow® Real Estate Market Reports(i). The median home value in the U.S. is now $198,000, 1 percent higher than peak value hit in 2007.

Zillow Logo

Home values across the country rose 7.3 percent since last April, the strongest rate of appreciation in more than 10 years. Seattle, Dallas and Tampa reported the greatest home value growth over the past year. Home values in Seattle rose almost 12 percent, to a median home value of $432,300. Dallas and Tampa home values rose 11 percent year-over-year.

When the housing market crashed a decade ago, home values plummeted and it has taken about 10 years for median home values to reach prior peaks. However, some markets’ median home values recovered more quickly than others. Among the 32 largest U.S. metros, 10 markets saw their median home value exceed prior bubble peaks more than a year ago, while 17 have yet to regain peak value.

“Now that the typical U.S. home is worth more than ever, people may be tempted to ask if we’re in another national housing bubble,” said Zillow Chief Economist Dr. Svenja Gudell. “We aren’t in a bubble, and won’t be entering one anytime soon. There are big differences between the market then and the market now: Then, loose credit, speculation and overbuilding were ingredients in a recipe for disaster. Now, healthy home buyer demand is being driven largely by a stable economy and demographic tailwinds, which is exactly what we would expect in a healthy market. Supply has been slow to catch up to this demand, which is causing home values to grow at a faster clip than we might otherwise expect. Beyond that, the market’s fundamentals look largely healthy. Homes are largely more affordable in most markets today than they were prior to the bust, and will remain so for the foreseeable future, even if mortgage rates rise. Americans clearly continue to see the value in homeownership, especially young Americans, which bodes well for the future.”

Median rent across the nation rose 0.7 percent since last April, to a median payment of $1,412 per month. Seattle, Sacramento, Calif. and Los Angeles reporting the greatest year-over-year rent appreciation among the 35 largest U.S. metros. Rents in Seattle are up 6 percent to a Zillow Rent Index(ii) (ZRI) of $2,114. Rents in Sacramento are up almost 5 percent, while Los Angeles rents are up 4 percent.

One of the greatest hurdles for home shoppers this summer will be low inventory. There are 8 percent fewer homes on the market than a year ago, with Minneapolis, Columbus, Ohio and Seattle reporting the greatest drop. There are 27 percent fewer homes on the market than a year ago in Minneapolis and Columbus, and 20 percent fewer in Seattle.

In April, mortgage rates(iii) on Zillow ended at 3.83 percent, the lowest month-ending rate since October 2016. Mortgage rates in April hit a high of 3.88 percent in the first few weeks of the month(iv), with the month low at 3.74 percent(v). Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages site and reflect the most recent changes in the market.


About Zillow

Zillow® is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics and analytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing data and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price Expectations Survey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow Home Value Index over the next five years. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z and ZG), and headquartered in Seattle.

Zillow is a registered trademark of Zillow, Inc.

(i) The Zillow Real Estate Market Reports are a monthly overview of the national and local real estate markets. The reports are compiled by Zillow Real Estate Research. For more information, visit The data in Zillow’s Real Estate Market Reports are aggregated from public sources by a number of data providers for 928 metropolitan and micropolitan areas dating back to 1996. Mortgage and home loan data are typically recorded in each county and publicly available through a county recorder’s office. All current monthly data at the national, state, metro, city, ZIP code and neighborhood level can be accessed at and

(ii) The Zillow Rent Index (ZRI) is the median Rent Zestimate® (estimated monthly rental price) for a given geographic area on a given day, and includes the value of all single-family residences, condominiums, cooperatives and apartments in Zillow’s database, regardless of whether they are currently listed for rent. It is expressed in dollars.

(iii) Rates for a 30-year fixed mortgage.

(iv) Month highs occurred on April 3rd, 5th and 10th.

(v) Month low occurred on April 18th.

(vi) The Zillow Home Value Index (ZHVI) is the median estimated home value for a given geographic area on a given day and includes the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period. It is expressed in dollars, and seasonally adjusted.

One In Four U.S. Housing Markets Less Affordable Than Historic Affordability Averages In First Quarter Of 2017

U.S. Affordability Index Drops to a More Than 8-Year Low Despite Annual Wage Growth Outpacing Home Price Growth in 53 of Local Markets

Irvine, CA – March 30, 2017 (PRNewswire) ATTOM Data Solutions, curator of the nation’s largest fused property database, today released its Q1 2017 U.S. Home Affordability Index, which shows that one in every four county housing markets analyzed for the report were less affordable than their historic affordability averages in the first quarter of 2017.


A total of 95 counties out of 379 counties analyzed for the report (25 percent) posted an affordability index below 100 in Q1 2017 — the highest share of markets below the normal affordability index of 100 since Q4 2009. An affordability index below 100 means that the share of averages wages needed to buy a median-priced home is above the historic average for a given market.

Nationally the affordability index in the first quarter of 2017 was 103, down from 108 in the previous quarter and down from 119 a year ago to the lowest level since Q4 2008 — a more than eight-year low.

“Home affordability continued to worsen in the first quarter, not surprising given the continued strong growth in home prices combined with the recent rise in mortgage rates,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “Stronger wage growth is the silver lining in this report, outpacing home price growth in more than half of the markets for the first time since Q1 2012, when median home prices were still falling nationwide.”

More than 43 percent of average wages needed to buy a home in 97 counties

Average wage earners would need to spend more than 43 percent of their income — the maximum debt-to-income ratio allowed for a “qualified mortgage” under guidelines from the Consumer Financial Protection Bureau (CFPB) — to buy a median-priced home in 97 of the 379 counties (26 percent) analyzed for the report.

“Many homebuyers have been priced out of the Seattle housing market, forcing them to buy in other counties and commute,” said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle housing market, where all three counties in the metro area posted worsening affordability compared to a year ago. “The data also shows that the affordability level in King County has eroded to levels we haven’t seen since 2010. Moreover, I believe that it will get worse before it gets better thanks to our growing population, inadequate infrastructure, and land constraints.”

Least affordable and most affordable counties

Average wage earners would need to spend more than 100 percent of their income to buy a median-priced home in five of the 379 counties analyzed. View full report for the list.

Average wage earners would need to spend less than 15 percent of their income to buy a median-priced home in 12 of the 379 counties analyzed. View full report for the list.

“Consumer confidence is increasing, as we are seeing a year-over-year wage increase. The wage increase, coupled with shortage of inventory, is creating a market where we are seeing median home prices increase over historic pricing,” said Matthew Watercutter, senior regional vice president and broker of record for HER Realtors, covering the Dayton, Columbus and Cincinnati markets in Ohio. “This is good news for sellers, but there is still great news for buyers. The percentage of wages needed to buy have decreased, which shows the median wages are growing at a faster pace than the sales prices.”

Wage growth outpaces home price growth in 53 percent of counties
Annual wage growth outpaced annual growth in median home prices in 199 of the 379 counties (53 percent) analyzed in the report. It was the highest percentage of counties with wage growth outpacing home price growth since home prices bottomed out nationwide in Q1 2012.

Affordability improves from a year ago in 9 percent of counties
Counter to the national trend, affordability improved compared to a year ago in 35 of the 379 counties (9 percent) analyzed in the report. Annual wage growth outpaced home price growth in all 35 of the counties with improving affordability.

View full report for more details and report methodology.

About ATTOM Data Solutions
ATTOM Data Solutions is the curator of the ATTOM Data Warehouse, a multi-sourced national property database that blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, health hazards, neighborhood characteristics and other property characteristic data for more than 150 million U.S. residential and commercial properties.

Media Contact:
Jennifer von Pohlmann
(949) 502-8300, ext. 139