by Calculated Risk on 7/25/2008 01:49:00 AM
Friday, July 25, 2008
2.2 million vacant homes for sale
From CNN: 2.2 million vacant homes for sale
The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory.I'll have much more on vacancies this weekend after I return home.
Some 2.8% of homes, excluding rental properties, were empty and on the market from April through June, according to Census Bureau figures released Thursday. The vacancy rate hit a record high of 2.9% in the first quarter of 2008. It was 2.6% a year ago.
Here is the Census Bureau release. The rental vacancy rate is at 10.0%, essentially unchanged from last quarter.