We’ll add more market news briefs throughout the day. Check back to read the latest.
Weekly mortgage rates:
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Last week’s most recent market news:
RealtyTrac’s U.S. Zombie Foreclosure and Vacant Property Report:
- A “zombie foreclosure” happens when a homeowner moves out of the home after foreclosure proceedings have started, but then the foreclosure is held up in some way or canceled, leaving the title in the homeowner’s name.
- This phenomenon is on the decline. A RealtyTrac report shows that 20,050 properties were vacant zombie homes at the end of the third quarter.
- That’s a decrease of 27 percent since the second quarter, and 43 percent from the same quarter last year.
Send market reports to press@inman.com.
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