Page 69 - Lighting Magazine December 2017

distressed properties,” notes Daren Blomquist, Se- nior 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,” he explained. “There is evidence that the ultra-tight inventory environment in some red-hot markets is beginning to ease just a bit, with vacant property rates nudging higher in markets such as San Jose, San Francisco, Los Ange- les, Boston, and Denver.”
Among 149 metropolitan areas with at least 100,000 residential properties (1 to 4 units), those
U.S. VACANCY RATES
with the highest vacancy rates were Flint, Mich.; Youngstown, Ohio; Beaumont-Port Arthur, Tx.; De- troit, Mich.; and Mobile, Alabama.
Among 405 counties with at least 50,000 resi- dential properties, those with the highest vacancy rates were Baltimore City, Md.; Saint Louis City, Mo.; Beaufort County, S.C.; Genesee County, Mich.; and Wayne County, Michigan.
Among 149 metropolitan areas with at least 100,000 residential properties, those with the lowest vacancy rates were San Jose, Calif. (0.23 percent); Fort Collins, Colo. (0.24 percent); Lancaster, Pa. (0.26 percent); Manchester, New Hampshire (0.31 percent); and Provo, Utah (0.34 percent).
MOST ZOMBIE FORECLOSURES
New York, New Jersey, Florida, Illinois, and Ohio
STATES WITH THE HIGHEST VACANCY RATES
Mississippi, Michigan, Indiana, Oklahoma, and Alabama
STATES WITH THE LOWEST VACANCY RATES
South Dakota, Vermont, New Hampshire, North Dakota, and Colorado
Vacancy rates | forECast 2018
december 2017 | enLIGHTenment magazine 67