Three of Four Vacant Residential Properties in U.S. are Investment Homes

According to ATTOM Data Solutions 2017 U.S. Residential Vacant Property and Zombie Foreclosure Report, 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.

Read Article at World Property Journal

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