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24/7 Wall St.: The 10 Markets with the Most Empty Homes

7. Toledo, Ohio

Vacancy rate: 6.5% (tied for 4th highest)
Median price per square foot: $69
Unemployment: 7.2%

There are some encouraging signs in the Toledo housing market despite its high vacancy rate. The median price per square foot is up about 60% on a year-over-year basis, according to Trulia. Another measure, however, points to an inventory problem: for each new or resale home listed on Trulia, there are two homes in the foreclosure pipeline that are either vacant or will enter the market at some point. The peak-to-trough price decline of 18.2% remains a challenge in a market that saw just a 4.6% price increase on a year-over-year basis.

(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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