ESTATE


Home owner vacancy rate unchanged
2009/04/30, 2:20 pm
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The vacancy rate of home owner housing was virtually unchanged in the first quarter of 2008 compared to the rate in 2007, with vacancies at 2.9 percent and 2.8 percent respectively, according to the U.S. Census Bureau.

The vacancy rate in the first quarter of the last two years is about 70 percent higher than it was from 1995 to 2005, when the first quarter home owner vacancy rate never rose above 1.8 percent and generally stood at 1.7 percent or lower.

The rental vacancy rate has also remained steady for the last two years at about 10.1 percent.

Source: The U.S. Census Bureau (04/28/2009)

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