AP
Vacant homes hit new record high in first quarter
Monday April 28, 10:23 am ET
By Alan Zibel, AP Business Writer
Percentage of US vacant homes hits new record high in first quarter as housing pain persists
WASHINGTON (AP) -- The Census Bureau says the percentage of vacant homes in the U.S. has hit a record high in the first quarter of this year.
The report, released Monday, shows that 2.9 percent of U.S. homes -- excluding rental properties -- were vacant, compared with 2.8 percent in the fourth quarter of 2007.
The West had the biggest gain in vacancy rates among homeowner, rising to 7 percent in the January-March period from 6.5 percent in the fourth quarter of 2007. Vacancy rates fell in the Midwest and South, but rose in the Northeast.
Who Said the "Bottom" Is in?
Started by
redfoliage2
, Apr 28 2008 09:49 AM
4 replies to this topic
#2
A-ha
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Posted 28 April 2008 - 09:59 AM
I was just reading the same thing... It makes me believe that Insider's 1150 target is an optimistic one... BTW did anyone see Insider? Wondering where he will add new shorts.
#3
Tim Johnson
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Posted 28 April 2008 - 10:25 AM
The "Bottom" in the stock market and the "Bottom" in the real estate market are two different things.
#4
redfoliage2
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Posted 28 April 2008 - 10:34 AM
Although this post refers to housing market, the two do have good connections. Of course stock market is more volatile with more frequent ups and downs.The "Bottom" in the stock market and the "Bottom" in the real estate market are two different things.
#5
cgnx
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Posted 28 April 2008 - 10:45 AM
Is 2.9% high? How long have they kept those type of records? Is there a certain % that would break the camels back?
If it can be cornered, it will.
