Posted on 03/29/2022 4:22:43 PM PDT by devane617
More than 16 million homes are sitting vacant across the U.S., according to a report using census data.
The study by LendingTree ranked the nation’s 50 states by their shares of unoccupied homes. The highest vacancy rates were found in Vermont, Maine and Alaska. Each state has between 20% and 22% of its housing stock vacant.
The three states combined are home to more than 315,000 unoccupied units.
Other states rank lower on the list but have many more vacant units because they are larger. Florida, for example, is No. 6 on the list. About 17% of states in Florida are vacant, according to the report. That’s nearly 1.7 million housing units.
Just because a home is vacant doesn’t mean it’s rotting away. The report points out there are several reasons a home could be vacant; it may be on the market or it could be a vacation home. There’s also the chance it’s uninhabitable.
(Excerpt) Read more at mypanhandle.com ...
Unfortunately, you’re probably correct about reporter.
Balogney. There is not anything remotely close to that many homes unused.
In Florida’s case, maybe a lot of the vacant homes are winter “snowbird” houses that they leave for the summer.
Undoubtedly, this is where most of the border-jumping illegals will reside.
China buying it up?
Bingo!
Hedge funds. Borrow at ridiculously low rates, rent them out and earn a nice return.
True.
I hate these articles where there is so much verbiage about this state and that state ranking here and there. Just show the damn chart!
By the way, I did click where it said to go to see the rankings of all states, but the link did not lead to any such list.
“About 17% of states in Florida are vacant”
Entire states are vacant? In Florida? What is happening?
We are going to have to have all of the economic arguments all over again. Decades of reducing everything to economics didn’t even get a win on economics. Meanwhile, a dude is dominating women’s swimming, and a law forbidding teaching queer sex to 3rd graders is controversial. Feels like a rigged game.
I don’t know, Detroit has a bunch.... lol.
How exactly do they know if a home is vacant?
It's hard to find very many vacant homes in the panhandle--homes under $1M sale (often site unseen) within days and available rental property is scarce--especially homes for rent.
Yeah what a cycle. Sometimes I wish I was more business-minded but I’m just a simple pauper.
I have a realtor in the family … and realtors in FL are desperate because there aren’t homes sitting empty. Inventory is about at its lowest.
The problem in some cases is that institutional buyers (investors) have bought these homes and have been slow to refurbish or even minimally get them together to flip or rent. But that will happen,
My biggest compliant with the RE market now is that so many people are buying houses and condos for VRBO or similar air BNB use. It destroys a neighborhood, not to mention reducing the inventory for people who want to buy a house to actually live there.
I live in NH. Nothing would make me happier than to ruffle the feathers of the owners of the vacant homes in the socialist state of Vermont. The Irony of it all.
I HIGHLY doubt that many are empty outside of those vacated due to sales and their being empty is very temporary.
I am not so sure plenty are tear downs and more than a few own vacation properties and second homes.
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