Connect with us

Press Releases

More Homes In U.S. Fall Into Vacant Zombie Foreclosure Realm In Third Quarter Of 2020

IRVINE, Calif., Aug. 27, 2020 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its third-quarter 2020 Vacant Property and Zombie Foreclosure Report showing that 1.5 million…

Avatar

Published

on

IRVINE, Calif., Aug. 27, 2020 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its third-quarter 2020 Vacant Property and Zombie Foreclosure Report showing that 1.5 million (1,570,265) residential properties in the United States are vacant, representing 1.6 percent of all homes.

The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology enclosed below). Vacancy data is available for U.S. residential properties at https://www.attomdata.com/solutions/marketing-lists/.

The third quarter analysis shows that about 216,000 homes are in the process of foreclosure, with about 7,960, or 3.7 percent, sitting empty as so-called ‘zombie foreclosures.’

The count of properties in the process of foreclosure (215,886) in the third quarter of 2020 is down 16 percent from the second quarter of 2020 (258,024). But the percentage of those properties that have been abandoned as zombie foreclosures is up from 3 percent in the second quarter of 2020.

Despite the increase, the 7,961 zombie foreclosure properties continue to represent just a tiny portion – one of every 12,500 homes – of the nation’s stock of 99.4 million residential properties.

The third-quarter 2020 data shows a drop in the number of homes at some point in the foreclosure process, but an increase in the level sitting vacant at a time when the federal government is trying to shield the housing market from an economic slide stemming from the worldwide Coronavirus pandemic.

Among the government’s key measures is a temporary prohibition against lenders foreclosing on government-backed mortgages. The ban, which is set to expire on August 31, 2020, and affects about 70 percent of home loans in the United States, was enacted under the CARES Act passed by Congress in March of this year and then extended to help borrowers who have lost jobs or other sources of income during the pandemic.

“Abandoned homes in foreclosure remain little more than a spot on the radar screen in most parts of the United States, posing few, if any, problems from neighborhood to neighborhood. But the latest numbers do throw a small potential red flag into the air, given the increase in the percentage of zombie foreclosures,” said Todd Teta, chief product officer with ATTOM Data Solutions.

Midwest and South have highest zombie foreclosures rates
A total of 7,961 residential properties facing possible foreclosure have been vacated by their owners nationwide in the third quarter of 2020. That figure comprises 3.7 percent, or one in 27, of all properties in the foreclosure process. Those numbers are up from 3 percent, or one in 34, in the second quarter of 2020, and 3.2 percent, or one in 32, in the third quarter of last year.

States where zombie-foreclosure rates exceeding the national percentage are clustered in the Midwest and South, including Kansas (15 percent, or one in seven, properties in the foreclosure process), Missouri (11.2 percent, or one in nine), Georgia (11 percent, or one in nine), Kentucky (10.7 percent, or one in nine) and Tennessee (10.3 percent, or one in 10).

States where the rates fall below the national level are mainly in the Northeast and West, including Utah (1.1 percent, or one in 87 properties in the foreclosure process), Idaho (1.2 percent, or one in 84), New Jersey (1.6 percent, or one in 62), Colorado (1.8 percent, or one in 56) and California (2 percent, or one in 50).

Zombie rates rise in all but one state
Zombie-foreclosure rates rose from the second to the third quarter of 2020 in every state but Hawaii,  while also decreasing in the District of Columbia. States with the largest increases included Kansas (up from 7.4 percent to 15 percent of all properties in the foreclosure process), Missouri (up from 4 percent to 11.2 percent), Georgia (up from 3.9 percent to 11 percent), Kentucky (up from 3.9 percent to 10.7 percent) and Nebraska (up from 4 percent to 10.3 percent).

“It appears that an increased number of vacant foreclosure properties may be an unintended consequence of the foreclosure moratoria put in place by Federal, State, and Local Governments,” said Rick Sharga, executive vice president at RealtyTrac. “Vacant properties can contribute to neighborhood blight, and become safety hazards – especially during a pandemic. So the sooner these abandoned properties can be processed and sold to homebuyers or investors, the better it will be for communities and neighborhoods across the country.”

Highest numbers of zombie properties in northeastern and midwestern states
New York continues to have the highest actual number of zombie properties (2,136), followed by Florida (1,028), Illinois (971), Ohio (887) and New Jersey (356).

California leads in the west, with 265, while Oklahoma leads in the South, with 133.

Northeast and Midwest have highest ratios of zombie foreclosure as portion of all residential properties
Despite increases in the rates of zombie foreclosures in the third quarter of 2020, those properties represent just one in every 12,486 residential properties of all kinds in the United States, including those not facing possible bank takeover.

States with the highest ratios are concentrated in the Northeast and Midwest, including New York (one in 1,934 properties), Illinois (one in 4,077), Ohio (one in 4,328), Florida (one in 6,747) and New Jersey (one in 7,476).

States with the lowest ratios include Idaho (one in 188,805 properties), Utah (one in 98,766), Arkansas (one in 78,267), Texas (one in 70,746) and Virginia (one in 69,686).

Other high-level findings from third-quarter data:

  • Among 158 metropolitan areas with at least 100,000 residential properties in Q3 2020, the highest zombie-foreclosure rates include Peoria, IL (16.4 percent of properties in the foreclosure process); Wichita, KS (15.3 percent); Kansas City, MO (13.4 percent); Omaha, NE (12.7 percent) and Cleveland, OH (12.6 percent).
  • Among major metro areas with at least 500,000 residential properties, the lowest zombie foreclosure rates are in Austin, TX (no zombie foreclosure properties); San Francisco, CA (0.7 percent); Philadelphia, PA (1.6 percent); Los Angeles, CA (1.7 percent) and Charlotte, NC (1.8 percent).
  • The top zombie-foreclosure rates in counties with at least 500 properties in foreclosure include Cuyahoga County (Cleveland), OH (14.1 percent); Broome County (Binghamton), NY (10.9 percent); Onondaga County (Syracuse), NY (10 percent); Pinellas County (Clearwater), FL (8.5 percent) and Summit County (Akron), OH (7.8 percent).
  • Among zip codes with at least 100 properties in foreclosure, those where the zombie foreclosure rate exceeds 5 percent remain concentrated in New York, Florida, Ohio and Illinois. Those zip codes with the top percentages include 44108, 44112 and 44105, all in Cleveland, OH, 61604 in Peoria, IL, and 13601 in Watertown, NY.
  • The highest levels of vacant investor-owned homes are in Indiana (8.5 percent), Kansas (6.8 percent), Ohio (6.5 percent), Rhode Island (6.3 percent) and Mississippi 6.1 percent).
  • The highest overall vacancy rates for all residential properties remain in Kansas (2.7 percent), Mississippi (2.7 percent), Oklahoma (2.7 percent), Tennessee (2.6 percent) and Indiana (2.5 percent). The lowest are in New Hampshire (0.4 percent), Delaware (0.4 percent), Vermont (0.5 percent), Idaho (0.6 percent) and Colorado (0.8 percent).

Report Methodology
ATTOM Data Solutions analyzed county tax assessor data for more than 98 million single-family homes and condos for vacancy, broken down by foreclosure status and, owner-occupancy status. Only metropolitan statistical areas with at least 100,000 residential properties and counties with at least 50,000 residential properties were included in the analysis. Vacancy data is available at https://www.attomdata.com/solutions/marketing-lists/.

About ATTOM Data Solutions
ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIsreal estate market trends, marketing lists, match & append and introducing the first property data delivery solution, a cloud-based data platform that streamlines data management – Data-as-a-Service (DaaS).

Media Contact:
Christine Stricker
949.748.8428
[email protected]

Data and Report Licensing:
949.502.8313
[email protected]

SOURCE ATTOM Data Solutions

Related Links

http://www.attomdata.com

Source: https://www.prnewswire.com:443/news-releases/more-homes-in-us-fall-into-vacant-zombie-foreclosure-realm-in-third-quarter-of-2020-301119251.html

Continue Reading

Press Releases

The Film Detective Announces World Premiere of Salem and The Scarlet Letter (2020)

Forty years in the making, The Film Detective is proud to premiere a historic tribute to the city of Salem from legendary independent filmmaker Samuel M. Sherman.

Avatar

Published

on

Forty years in the making, The Film Detective is proud to premiere a historic tribute to the city of Salem from legendary independent filmmaker Samuel M. Sherman.

Press Release updated: Nov 23, 2020 11:00 EST


​​​The Film Detective (TFD), a classic media streaming network and film archive that restores and distributes classic films for today’s cord-cutters announces the worldwide premiere of Salem and The Scarlet Letter (2020) – coming to The Film Detective on Nov. 25, 2020, at 6:30 PM ET.

Independent filmmaker and producer Samuel M. Sherman spearheaded Salem and The Scarlet Letter, both writing and directing this compelling tribute to the historic city of Salem, Massachusetts, and one of its best-remembered residents – Nathaniel Hawthorne.

Originally filmed in 1978, Salem and The Scarlet Letter blends stunning location footage of Salem, including Nathaniel Hawthorne’s birthplace, The House of the Seven Gables, and more. The film explores Salem’s broad history, from the Salem Witch Trials to the inspiration Nathaniel Hawthorne drew from the city to create his famous work, The Scarlet Letter.

The documentary receives the Hollywood treatment with narration from actor John Carradine, prolific player for some of Hollywood’s finest directors, including Cecil B. DeMille and John Ford in works like Stagecoach (1939) and The Ten Commandments (1956). Salem and The Scarlet Letter served as one of many collaborations between Sherman and Carradine, also having worked on Blood of Dracula’s Castle (1969) and Blood of Ghastly Horror (1967), directed by Sherman’s late filmmaking partner and co-founder of Independent-International Pictures, Al Adamson.

At the core of Salem and The Scarlet Letter is a deep appreciation for Salem’s rich history, perfectly expressed by the film’s subject, Nathaniel Hawthorne, who wrote “This old town of Salem–my native place…possesses, or did possess, a hold on my affections, the force of which I have never realized during my seasons of actual residence here.”

From a single viewing of Salem and The Scarlet Letter, film and history fans alike will have little question as to how Hawthorne found such a fondness for Salem. 

Said director Samuel M. Sherman, “Salem and The Scarlet Letter is a classic project of mine concerning one of my favorite films, the 1934 version of The Scarlet Letter. My first visit to Salem in 1965 so impressed me that I made up my mind to do a documentary about the town and famous author Nathaniel Hawthorne at some time in the future. Phil Hopkins and The Film Detective have made completing this longtime project of mine a reality. I am pleased with the final version and I hope that modern audiences will appreciate it as a viewing prologue to the 1934 The Scarlet Letter for which purpose I originally intended it.”

The Film Detective is proud to bring audiences this cinematic tour of Salem from the comfort of home. Salem and The Scarlet Letter will premiere on Wednesday, Nov. 25 at 6:30 PM ET followed by the 1934 adaptation of The Scarlet Letter.

Subscribers to The Film Detective app can also watch Salem and The Scarlet Letter anytime. For more information, visit www.thefilmdetective.com.

Contact:

Kerry Ryan

kerry@thefilmdetective.com

About The Film Detective:

The Film Detective is a leading streaming network of restored classic programming, distributing its extensive library of 3,000+ hours of film on DVD and Blu-ray and through leading platforms including TCM, NBC, EPIX, Amazon, MeTV, PBS, and more. TFD has released its classic movie app on web, Android, iOS, Roku, Amazon Fire TV, and Apple TV and is available live on Sling, STIRR, Plex, and DistroTV.

Source: The Film Detective

Source: https://www.newswire.com/news/the-film-detective-announces-world-premiere-of-salem-and-the-scarlet-21261970

Continue Reading

Press Releases

ThoughtWorks Honored 2020 Asia-Pacific WEPs Awards by UN Women

BEIJING, Nov. 23, 2020 /PRNewswire/ — November 18th, 2020, ThoughtWorks was invited to join 2020 International Conference on Gender Equality and Corporate Social Responsibility (CSR) & Women’s Empowerment Principles (WEPs) awards ceremony, which was held by UN Women China in partnership…

Avatar

Published

on

Over the years, ThoughtWorks has committed to develop a business and culture environment that promote gender-inclusive and gender equality. The company encourages women in technology to play a greater influence at workplace, marketplace and social community.

Yao Yao, a member of ThoughtWorks China management team, has been actively engaged in development of women in technology. Speaking at the ceremony, Ms. Yao said, “It is a great recognition for ThoughtWorks to be awarded 2020 Asia-Pacific WEPs Awards by UN Women”.

Attended by nearly 150 private sector leaders, social entrepreneurs, civil society representatives along with EU and UN officials, the conference took time to reflect the progress made on gender equality and women empowerment in later stage of the pandemic new norm, challenges and future expectations were also talked at the conference.

In the conference, it emphasized the importance of integrating gender equality into enterprise strategy and enterprise social responsibility projects. Guests shared their experience, best practice and challenges. Enterprise social responsibility projects play a key role at workplace and social equality. Creative practices on female leadership, decent work and digital inclusion were also shared.

At the opening, Smriti Aryal, Head of UN Women China office called on all participants to actively embrace international standards on enterprise commitment, strategy and project proposal; and all the stakeholders should make their voices heard. She mentioned, “The private sector, companies and enterprises have a key role to play. An employer can bring a positive impact by creating decent work opportunities, promoting equal pay for equal work, and reducing the burden of unpaid care work for women. Meanwhile, it is also important for companies to promote the next generation of female leaders as the decision-maker for future business practices”.

Ms. Mu Hong, Director-General of Liaison Department at All China Women’s Federation, presented the work ACWF has done in advancement of gender equality in China, and stressed the importance of adding gender factor to local policy and practice. She said, “Guaranteeing equal economy right and strengthening economic empowerment for women is an important topic, which will be a key part for next round of the Program of China’s Women Development”.

Mr. Nicolas Chapuis, Head of Delegation, European Union Delegation to China, reminded the audience about the European Union’s longstanding commitment towards gender equality. As global leader, the gender equality strategy of EU will continue to make its contribution to a gender equal world. Mr. Chapuis said, “The gender equality strategy is aimed at promote worldwide gender equality and enhance women empowerment. EU will continue to raise gender equality issue in global partnership and political dialogue with the third country. We push for gender equality in EU and beyond.”

Ms. Zhang Haidi, president of the China Federation of the Disabled stressed: “The disabled female is the most disadvantaged group in human society that need help badly, and they are also an important force in promoting peace and development. The sustainable development of humankind needs to rely on and bring benefit to the disabled female.”

In the conference, UN Women presented WEPs Award to 10 prize-winners. As the first WEPs Initiative in Asia-Pacific, the award is intended to applaud model business practices that in compliance with gender equality of Women’s Empowerment Principles proposed by UN Women and United Nations Global Compact. WEPs has 7 principals, encouraging enterprises put gender awareness in the whole value chain of its business.

Yao Yao of ThoughtWorks spoke on behalf of enterprise leadership receiving the award, “For many years, we have been trying our best to influence the society, push for gender-inclusive and gender equality in business world, and women in technology is always the focus. ThoughtWorks finished IT experts title open reply just recently, and female account for 45% of the newly promoted experts! With the helping hands of more fellows, we wish to fulfill our commitment with tangible action by offering bigger platform for these excellent female in technology, so that they can lead by example for females in other industries.”

WEPs is the main tool for enterprises to reach gender equality target of the 2030 Agenda for Sustainable Development. To date, 102 companies in China have pledged action to advance the WEPs, and more than 3,700 companies have done so globally. An international network of like-minded companies, the WEPs platform connects businesses of all sizes across multiple industries, including corporations such as ThoughtWorks, Alcatel-Lucent, IKEA, Microsoft and Unilever, among many others as signatories. The year of 2020 is 10th anniversary since the launch of WEPs.

About the Organizer:

About UN Women

UN Women is the UN organization dedicated to gender equality and the empowerment of women. A global champion for women and girls, UN Women was established to accelerate progress on meeting their needs worldwide. Working in China since 1998, UN Women provides technical and financial assistance to innovative programmes and strategies for gender equality and women’s empowerment.

About the Delegation of the European Union to China

The European Union is represented in China by the Delegation in Beijing. The Delegation was established in Beijing in October 1988.

The Delegation has full diplomatic privileges and immunities with the Head of Delegation accorded full ambassadorial status. The Delegation is responsible for the conduct of official relations between China and the European Union. In all matters pertaining to the European Union, the Delegation works closely with the diplomatic missions of the EU Member States. The Delegation is the vital link between European Union and Chinese government as well as its Diplomatic Corps.

About ThoughtWorks

Established in 1993, ThoughtWorks is a global software consulting company with excellent delivery record. Targeting at clients which are leading players in the world, our services include organization transition advisories, innovative software delivery, UE design and product solutions. ThoughtWorks has a global client base with leading companies in industries like automobile, finance and insurance, healthcare, tourism, transport, retails, e-commerce, energy and public utilities.

Around the world ThoughtWorks has 43 offices in 14 countries with more than 7,000 employees on board. It entered China in 2004 and today has more than 2,000 employees based respectively in 7 cities in Beijing, Hong Kong, Xi’an, Chengdu, Shanghai, Wuhan and Shenzhen.

SOURCE ThoughtWorks

Related Links

https://www.thoughtworks.com/?utm_campaign=technology&utm_medium=pr&utm_source=pr

Source: https://www.prnewswire.com:443/news-releases/thoughtworks-honored-2020-asia-pacific-weps-awards-by-un-women-301178986.html

Continue Reading

Press Releases

ARUP Laboratories Announces the Availability of a Combined Test for COVID-19, Influenza, and RSV

SALT LAKE CITY, Nov. 23, 2020 /PRNewswire/ — ARUP Laboratories today announced the availability to clients nationwide of a combined test to detect and differentiate COVID-19, influenza, and/or respiratory syncytial virus (RSV) in individuals with respiratory symptoms consistent with…

Avatar

Published

on

SALT LAKE CITY, Nov. 23, 2020 /PRNewswire/ — ARUP Laboratories today announced the availability to clients nationwide of a combined test to detect and differentiate COVID-19, influenza, and/or respiratory syncytial virus (RSV) in individuals with respiratory symptoms consistent with COVID-19. The test is the first offered in the United States to be developed using Thermo Fisher Scientific’s TaqMan SARS-CoV-2, Flu A/B, RSV multiplex primer and probes and run on the QuantStudio Real-Time Polymerase Chain Reaction (PCR) platform.

“We are proud to offer this test, which is one of the first available to test for all four viruses,” said Adam Barker, PhD, director of ARUP’s COVID-19 Rapid Response Laboratory. “This single test is a simple, accurate way to determine which virus is the cause of illness as the flu and RSV seasons get underway amid the COVID-19 pandemic.”

ARUP’s Influenza, SARS-CoV-2, and RSV by NAA test detects ribonucleic acid (RNA) from SARS-CoV-2, the virus that causes COVID-19, along with the influenza A and B viruses and RSV. A qualitative test, it also differentiates between the viruses, although it does not differentiate between influenza A and B.

The test can be performed on specimens collected using a deep nasal swab, or on specimens collected from the back of the throat and the front of both nostrils.

It adds to ARUP’s menu of COVID-19-related tests, which includes a molecular diagnostic test for COVID-19 that can be performed on multiple specimen types including saliva.

ARUP also offers two IgG antibody tests to detect previous exposure to SARS-CoV-2, along with numerous tests that help guide treatment of patients with the virus.

“The challenge clinicians face as we enter flu season is unparalleled even if flu and RSV activity remain low,” said ARUP CEO Sherrie L. Perkins, MD, PhD. “We’re pleased that this combination test will help them provide the best patient care possible as the pandemic persists.”

About ARUP Laboratories
Founded in 1984, ARUP Laboratories is a leading national reference laboratory and a nonprofit enterprise of the University of Utah and its Department of Pathology. ARUP offers more than 3,000 tests and test combinations, ranging from routine screening tests to esoteric molecular and genetic assays. ARUP serves clients across the United States, including many of the nation’s top university teaching hospitals and children’s hospitals, as well as multihospital groups, major commercial laboratories, group purchasing organizations, military and other government facilities, and major clinics. In addition, ARUP is a worldwide leader in innovative laboratory research and development, led by the efforts of the ARUP Institute for Clinical and Experimental Pathology®. ARUP is ISO 15189 CAP accredited.

Media Contact
ARUP: Lisa Carricaburu, [email protected], 801-541-5041

SOURCE ARUP Laboratories

Related Links

aruplab.com

Source: https://www.prnewswire.com:443/news-releases/arup-laboratories-announces-the-availability-of-a-combined-test-for-covid-19-influenza-and-rsv-301178985.html

Continue Reading
Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Blockchain51 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Saas56 mins ago

Blockchain1 hour ago

XRP, Synthetix, Crypto.com Coin Price Analysis: 23 November

Blockchain1 hour ago

CipherTrace will Anonymität von Privacy Coins an den Kragen

Private Equity1 hour ago

FinTech: Western Union Acquires 15% Of Saudi Fintech stc pay For $200M

Press Releases1 hour ago

The Film Detective Announces World Premiere of Salem and The Scarlet Letter (2020)

Press Releases1 hour ago

ThoughtWorks Honored 2020 Asia-Pacific WEPs Awards by UN Women

Press Releases1 hour ago

Seacoast Bank Named to Fortune’s ‘100 Fastest-Growing Companies’ List for Third Consecutive Year

Press Releases1 hour ago

ARUP Laboratories Announces the Availability of a Combined Test for COVID-19, Influenza, and RSV

Press Releases1 hour ago

Anunciados los ganadores de los 2020 “IMTA Mountain Tourism Awards”

Press Releases1 hour ago

New Financial Factors Regulation Blocks Participant Requested Investments

Blockchain1 hour ago

Here’s why the Pickle Finance hack was different from the rest

Blockchain2 hours ago

Csak COVID-tanúsítvánnyal kaphatnánk vissza a normális életünket

Press Releases2 hours ago

Dr. Rajamannan of Most Sacred Heart of Jesus Cardiology Holds Virtual Press Conference on Outpatient Therapies for Covid-19

Press Releases2 hours ago

Alertus Technologies Announces Upcoming Virtual Seminar to Help Organizations Navigate the New COVID-19 Landscape

Startup2 hours ago

Crypto Project Gnosis Launches Futarchy-Based Governance Organization

Private Equity2 hours ago

European insurers gear up to do deals

Blockchain2 hours ago

AAX: The institutional-grade crypto derivatives platform celebrates its anniversary

Startup2 hours ago

Skype co-founder Jaan Tallinn has invested over $130M in more than 100 tech startups; now betting big on London-based AI startup Faculty.ai 

Blockchain2 hours ago

Can Falsified Lab Tests be Cured Through Blockchain?

Press Releases2 hours ago

Panaceutics Nutrition Names Veteran Biotech Exec Adam Monroe New CEO

Private Equity2 hours ago

Weekly Wrap, November 23rd, 2020; DPI, CDC, EBRD launch pharma platform, OMAI’s latest education deal, AIIM backs MetroFibre Networx and more…

Trending