Jintechnologies News Mortgage News Which city has the most vacant homes in the US?

Which city has the most vacant homes in the US?

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The public health crisis that has seized Flint is only the latest struggle for the Michigan city, where one in six houses is vacant after a long period of decline. The Flint metro area had the highest rate of vacancy in February at 7.5 percent, according to a RealtyTrac report released Thursday that ranked metropolitan statistical areas with the most and least empty houses.

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If you live in a large Midwestern city, you may see more empty homes than usual. According to new research from 24/7 Wall St., that’s where a "large number" of vacant properties in the U.S. can be.

Vacant building notices officially went down from 2010 to 2014 in the Greenmount West and Oliver neighborhoods, for example, while the city overall saw a rise in vacant building notices. Oliver, home to at least one community-oriented for-profit developer , saw the most vacant properties put back on the market out of any neighborhood over that.

In a study* out today, RealtyTrac took publicly recorded real estate data and compared it with monthly updated vacancy data from the U.S. Postal Service to come up with the Top 5 Most Vacant Cities, and the Top 5 Most Occupied Cities in the United States. Related: The 10 US Markets With the biggest rent increases & Decreases in 2015

It has 10,666 vacant homes, or 7 percent. Baltimore (also an independent city) has the largest proportion of vacancies, with nearly 17,917.

Vacant and abandoned properties have long plagued the industrial cities of America’s Rust Belt, but the spike in foreclosures following the recent recession has compounded problems for these areas and has caused vacancy rates to surge nationwide, especially in recently booming Sun Belt states such as Florida, Arizona, and Nevada.

About Real Estate: U.S. housing market should slow in 2016 In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market (source: wikipedia). The annual survey of the Association of Foreign Investors in Real Estate ranked san francisco, which had been one of the top five global cities since 2011, at 11th place, and Washington, D.C., at 25th from.

Feliz Modern, a neighborhood boutique known for hosting local food pop-ups and offering a mix of unique and playful home.

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