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Friday, July 25, 2008

2.2 million vacant homes for sale

by Calculated Risk on 7/25/2008 01:49:00 AM

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.

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.
I'll have much more on vacancies this weekend after I return home.

Here is the Census Bureau release. The rental vacancy rate is at 10.0%, essentially unchanged from last quarter.