Crazy Housing Stats
2.7% of houses are sitting empty in the US. This number has never exceeded 2% until now.
11% of complete condos are currently unoccupied.
There has been an 800% increase of foreclosures in the first 3 months of the year in California.
More about these stats here.
Posted: 24 April, 2007 in Finance/Hot Deals.
Comments
Comment from yangbot
Posted: April 26, 2007 at 6:53 pm
foreclosures are def. up due to people not being able to afford their sub-prime mortgages.
Comment from dis
Posted: April 24, 2007 at 4:50 pm
interesting. I wonder how the numbers are like in southern cal only.