When you want to gauge the health of a housing market, your instinct may be to check housing prices, sales volume or possibly even foreclosure rates.
But a less-watched indicator called vacancy rates speaks volumes about a housing market’s long-term condition. A home that sits idle does not merely diminish the value of other homes on the market, it also discourages investment in an entire neighborhood. High home vacancy rates can be toxic to real estate prices.
Based on vacancy data provided by Trulia, a leading aggregator of real estate listings, 24/7 Wall St. reviewed the housing markets with the lowest and the highest vacancy rates.
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