The Cry Baby is on sabbatical ....

Tuesday, February 1, 2011

Nearly 11% of U.S. houses are vacant!


Can this be true? The short answer is YES.  There are 31 million housing units in the United Stated, 112.5 million are occupied –18.4 million of them are vacant. This is an incredible statistic and makes me wonder how long it will take the U.S. to climb out of this mess. Vacant housing means these properties are likely deteriorating to some degree as well. There are bargains out there, but not enough bargain hunters at this point.

Photo: © Jeff Wasserman

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