Posted on 04/11/2022 1:15:14 AM PDT by RomanSoldier19
Even in the face of rising mortgage rates and stagnating construction numbers, the housing market is still scorching hot. Because of this, it may be difficult to believe that more than 16 million homes across the U.S. are sitting vacant.
But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the suburbs. Vacant homes can be unoccupied for many reasons beyond being uninhabitable. For example, a house can be vacant because it’s still on the market to be sold or rented or it’s a vacation home not currently in use.
Regardless of why homes are vacant, knowing an area’s vacancy rate can be an important part of understanding the overall health of its housing market.
To get a sense of vacancy rates in the U.S., LendingTree analyzed the latest U.S. Census Bureau data to rank the nation’s 50 states by their shares of unoccupied homes. Though areas with higher vacancy rates are often less expensive, that isn’t always the case. In fact, there are some notable instances where a state’s median home price and its vacancy rate can both be relatively steep.
(Excerpt) Read more at lendingtree.com ...
The number of homeless in the US is estimated at 552,830. (Whitehouse) With around half a million individuals living in a state of homelessness, things are not looking great. Homelessness statistics in the US for 2021 | Policy Advice
policyadvice.net/insurance/insights/homelessness-statistics/
We probably need to see this by zipcode.
As a “snow bird”, I have to wonder if my Florida house will be occupied upon my return.
Vermont, Maine, Alaska
Like Zillow who went woke this week and joined the inequality crowd so will lending tree, All roads lead to racism. Remember back in the day white flight? Somehow it will be the white supremacists white privileged that caused this problem, not crime perverted schools curriculum high taxes and a rat criminally controlled state
Someone’s got a mad-on for vacation homes.
Interesting that nobody’s doing stories on states with sky-high foreclosure rates...
Michigan counties accused of illegally profiting from tax foreclosure auctions
Psssst: MI ain't the only state doing this, is it...
NJ is #4 for lowest vacancy rates; this is only because they’ve flooded the state with foreigners and often turn a blind eye towards illegal conversions of old one-family homes into multi-family hives.
I’d think both NJ and CT have benefited from the flight of workers from NYC as well.
What did Zillow do?
Thought Florida would have a higher occupancy rate
“Teachers” (AKA Groomers) moving out...
there’s a lot of new home construction going on across florida...
“Is this real life?”
“Is this just fantasy?
Caught in a landside,
No escape from reality
Open your eyes,
Look up to the skies and see,
I’m just a poor boy, I need no sympathy,
Because I’m easy come, easy go,
Little high, little low,
Any way the wind blows doesn’t really matter to
Me, to me”
Thank you Freddie for explaining this to us.
This is a nonsense article. It never states that these numbers are normal. It only hints they may be normal. Fact is there are many reasons properties remain vacant including vacation homes, homes on the market for sale, new construction, and transfers between occupants.
That’s a perfect description!
.
.
Probably for the very reason they’re considered Dem states...subsidized EVERYTHING.
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