The national rental vacancy rate now stands at 10.1 percent, up from 9.6 percent a year ago; homeowner vacancy has edged up from 2.8 percent to 2.9 percent. Richmond, Va.'s rental vacancy rate of 23.7 percent is the worst in America, while Orlando's 7.4 percent rate is lousiest on the homeowner side. Detroit and Las Vegas are among the worst offenders by both measures--the Motor City sports vacancy rates of 19.9 percent for rentals and 4 percent for homes; Sin City has rates of 16 percent and 4.7 percent, respectively.
Sunday, February 22, 2009
Detroit and Las Vegas
Detroit and Las Vegas are the two cities with the highest vacancy rates of rental and owner-occupied housing according to a story from ABC.