One of the more interesting trends right now in the housing market is the increasing number of vacant homes for sale right now. I am well-acquainted with this trend on a personal level. The house behind mine is vacant, and has been for more than six months.
It is for sale, and occasionally we see potential buyers poking around, trying to decide if they want it. (This is becoming increasingly difficult, though, as the weeds have taken over the yard and are growing to a height — almost six feet — that makes it a veritable jungle.)
The count across the country, for vacant homes for sale, is 2.2 million. CNN Money reports on this trend in the housing market:
"They are still not showing a downward trend," said Christian
Menegatti, U.S. lead analyst at RGEMonitor.com, an economic research
and consulting group. "That’s the bad news. The numbers are telling us
that prices have to fall more.
Have you seen an increase in vacant homes for sale in your neighborhood?
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You've a great blog. I agree the housing market is a problem. Through greed so many people are out of their homes. If someone has bad credit they are punished and that is not helping anyone. We are in a recession. Our dollar$ is falling really bad to the European currency. We can only hope for a change.
Posted by: Annmarie | July 24th, 2008 10:37 am |
You've a great blog. I agree the housing market is a problem. Through greed so many people are out of their homes. If someone has bad credit they are punished and that is not helping anyone. We are in a recession. Our dollar$ is falling really bad to the European currency. We can only hope for a change.
Posted by: Annmarie | July 24th, 2008 10:37 am |