🧟🧟🧟 Want to know what a “zombie home” is? Zombie homes are homes or properties facing possible foreclosure. According to ATTOM Data Solutions’ Q3 2019 Vacant Property and Zombie Foreclosure Report there are more than 1.5 million US single-family homes and condos vacant, representing 1.6% of all homes and a total of 9,612 of those homes are “zombie” homes.
When it comes to real estate, currently, it’s largely a seller’s market — which makes the idea of offloading properties tempting for many investors. By cashing out, you can use the capital gains to purchase more assets.
It's no surprise the rental market is hot, Americans have been living in rental properties for a long time and that number soared to 37% since 1965. Industry experts say the current economic climate has created a perfect storm for the single-family rental market’s success. Student debt, a tight job market, and the inability to save for a down payment have kept a number of potential home buyers out of the market.