Monday, April 11, 2011

American Ghost Towns of the 21st Century

         There are several counties in America, each with more than 10,000 homes, which have vacancy rates above 55%.  Most people who follow unemployment and the housing crisis would expect high vacancy rates in hard-hit states including Nevada, Florida and Arizona. They were among the fastest growing areas from 2000 to 2010.  Many large counties which have 20% or higher occupancy rates are in these same regions. Lee County, Fla., Yuma County, Ariz., Mohave County, Ariz., and Osceola, Fla., each had a precipitous drop in home prices and increases in vacancy rates as home buyers disappeared when the economy went south. Lake County, Mich. was #1 as far as vacancy rate among counties in the United States.

http://finance.yahoo.com/real-estate/article/112463/american-ghost-towns-21st-century-247wallst

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