US census board figures give glimmer of hope for real estate recovery
But the latest figures from the US Census Bureau are a boost for those in the real estate industry who claim that a recovery is underway.
They show that the number of vacant properties, including foreclosures, residences for sale and vacation homes, was up only slightly from 8.6 million a year earlier and that property values have fallen 33% since 2006.
The percentage of all US homes empty and for sale, known as the vacancy rate, fell to 2.5% in the quarter compared with a high of 2.9% in the first and fourth quarters of 2008.
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