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

3. West Palm Beach, Fla.

Vacancy rate: 6.7%
Median price per square foot: $109
Unemployment: 8.4% (Miami-Fort Lauderdale)

Like most markets in Florida, the West Palm Beach market took a major hit during the housing downturn, falling 48.4% during the recession. Fortunately, recovery is taking hold. The average asking price in the area is up 11.3%, compared to the year-earlier period, the fifth-largest increase of all metro areas measured. Also, the average price per square foot is up an impressive 63.7% compared to a year ago.

(iStock)

More From 24/7 Wall St.:
America’s Poorest States
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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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