Record 1 in 9 Homes Vacant, Census Bureau Says

The housing market's boom-and-bust has produced a huge number of empty properties.


The Census Bureau reports that one in every nine American homes is currently vacant, according to USA Today: (via The Real Estate Bloggers)

More than 14 million housing units are vacant. That number does not include an estimated 4.8 million seasonal or vacation homes, most of which are occupied part of the year. The combined vacancy rate of almost 15% is higher than during previous recessions: 11% in 1991 and 9.4% in 1984.