Vacant Homes
Posted Apr 30, 2008 @ 3:17 pm, Viewed by 372 Visitors, Read 376 Times.
The number of vacant homes for sale in the United States set a new record in the first quarter of 2008, the U.S. Census Bureau reported Monday.
The Census Bureau reported that 2.9 percent of U.S. homes or 2.28 million properties, not including rentals, were vacant and for sale. It was the highest quarterly number as far back to 1956 when records of such vacancies were first kept.
The West had the biggest gain in vacancy rates among home owners, rising to 3.2 percent in the January-March period from 2.6 percent in the same quarter a year earlier. Vacancy rates inched up in the Northeast and remained steady in the Midwest and South.
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My name is Julie Jalone an I am a mother, wife and Realtor in the Sacramento area serving buyers and sellers of residential real estate. Read More
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I've been amazed at the increase in vacant homes over the past few years. Although some are short sales or foreclosures, many are not and I always wonder how sellers can afford making double mortgage payments. Some of these have been on the market for quite some time and not all of them are priced correctly, even after being on market for many months.