Daily Real Estate News  |  August 1, 2008  |   Home Vacancies Set Record in 2Q
The Census Bureau says the 18.6 million homes sitting unoccupied nationwide
during the second quarter set a new record, attributable to the housing slump and rising foreclosure rate.

Year-over-year, the number of vacant dwellings was up 6.9 percent, and 2.8 percent of these vacant homes were nonrentals.

The report also shows 4 million rentals standing empty during the second quarter and a jump in vacant homes in the "other" category, including foreclosures and those empty while undergoing improvements, to 3.2 million from 3 million in 2007.

Source: American Banker (07/25/08)