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 ...
About five years ago we took two weeks to seriously house hunt in FL. The traffic was so dreadful that we gave up that idea.
Yes—and if they get your cell number you’ll get text messages everyday from someone wanting to buy your home. Average home prices in our area have more than doubled over the past 3 years and if the house is in a desirable neighborhood potential buyers are having to bid at amount higher than the asking price to have a chance at having their offer accepted.
Only a million investment homes a year are sold, the overwhelming majority of which are rented out, and a lot of the ones sold were already investment homes. To get to 16 million vacant that way would take a century of 10% permanently removing the home from the pool, which obviously would never happen.
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