So where are the places eagle-eyed buyers can still get a house on the cheap? ATTOM Data looked at metropolitan areas with at least 100,000 residential properties, and at least 100 properties facing possible foreclosure. Metros are made up of the main city and surrounding towns, suburbs, and smaller urban areas.
For geographic diversity, the list is limited to one metro per state.
Bring out your dead!
1. Portland, OR
Median home price in September: $554,925
Number of pre-foreclosure properties in Q4 2021: 124
Share of zombie properties: 15.3%
2. Wichita, KS
Median home price: $204,950
Pre-foreclosure properties: 120
Share of zombie properties: 15%
3. Cleveland, OH
Median home price: $199,450
Pre-foreclosure properties: 4,547
Share of zombie properties: 11.7%
4. Fort Wayne, IN
Median home price: $227,388
Pre-foreclosure properties: 127
Share of zombie properties: 11%
5. Honolulu, HI
Median home price: $699,000
Pre-foreclosure properties: 217
Share of zombie properties: 10.6%
6. Peoria, IL
Median home price: $119,950
Pre-foreclosure properties: 645
Share of zombie properties: 10.4%
7. Syracuse, NY
Median home price: $192,400
Pre-foreclosure properties: 1,054
Share of zombie properties: 9.9%
8. Detroit, MI
Median home price: $252,500
Pre-foreclosure properties: 555
Share of zombie properties: 8.8%
9. Fayetteville, NC
Median home price: $204,950
Pre-foreclosure properties: 241
Share of zombie properties: 8.7%
10. Davenport, IA
Median home price: $141,250
Pre-foreclosure properties: 504
Share of zombie properties: 8.5%
Read Full Article [Source: www.realtor.com]
