28.04.2011 - Home-vacancy rate drops in first quarter as U.S. foreclosures are stalled
The U.S. home-vacancy rate, a measure of the share of properties empty and for sale, fell to 2.6 percent in the first quarter as foreclosures slowed amid a lender backlog in processing paperwork. The rate, down from 2.7 percent in the fourth quarter, is based on 2 million vacant properties for sale out of 74.5 million residences, the Census Bureau said today. A gauge measuring the share of people who own their homes dropped to 66.4 percent, the lowest since 1998, according to the report..............................................Full Article: Source
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