Tuesday, February 17, 2009

Top 5 Cities - Vacant Homes and Apartments in the City - Census Data

The Census Bureau released on Feb. 3 2009 the top cities with vacant homes and apartments based on fourth-quarter data. These rankings are a combination of rental and homeowner vacancy rates. Las Vegas is in the top spot followed by Detroit in 2nd. place. Atlanta came in 3rd., Greensboro, N.C. was 4th., and Dayton, Ohio 5th.
        Top Vacant Cities:
        1. Las Vegas
        2. Detroit
        3. Atlanta
        4. Greensboro, N.C.
        5. Dayton, Ohio

What does this mean to you? Well vacancy rates in these spots spell lots of empty neighborhoods in these cities. Las Vegas and Orlando, are largely victims of the recent housing bust. Other cities like Detroit and Dayton are casualties of the long industrial decline that has occured in America. The loss of manufacturing to the point that America is now a 2/3 service driven economy.

We need to get more manufacturing back to this country that will in turn create more jobs. The increase in jobs will in turn allow more people to buy homes and rent apartments.

No comments: