Foreclosures Continue To Be Very Low - Nothing To See Here-Zombie Foreclosure report

[Ken M.]

Zombie Foreclosure report shows 1,390,000 U.S. homes are available, so go buy one - there is plenty of inventory

ATTOM's Q3 2025 Vacant Property and Zombie Foreclosure report shows 1,390,000  U.S. homes, or 1.3%, are currently vacant — a rate that has stayed consistent for more than three years despite high housing demand.

Seven of the states in ATTOM's top 10 are judicial foreclosure states, which means there's a long process that banks have to go through within the judicial system in order to foreclose on a property, which can cause a backlog of pending foreclosures in the system, said Tina Tamboer, senior housing analyst for The Cromford Report.

Indeed, the number of foreclosures today are a tiny fraction of what happened during the Great Recession

Today, most of the foreclosures are investors who bought homes in 2022 and don't have enough equity in the properties, Tamboer said. "The reality is, we're not seeing the beginnings of another foreclosure crisis," she said.