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Housing Vacancy Rate Hits New Record: Media Don't Notice
You would think that an industry that almost completely missed an $8 trillion housing bubble would be trying to do a better job in reporting on the housing market: But that does not appear to be the case. The Census Bureau reported that the number of vacant units hit a new record high yesterday and it appears that no one noticed.
--Dean Baker
COMMENTS (10)
Housing Vacancy Rate Hits New Record
IMO we need much lower prices.
Posted by: Floccina | October 30, 2009 11:07 AM
Location, location, location.
Have you even considered other sources of info such as Torto Wheaton or Real Capital Research?
As i mentioned b4, perhaps you are just like the others you have criticized so much - using selective info that ONLY BENEFIT your point.
Perhaps you are not.
Posted by: James | October 30, 2009 12:49 PM
Housing has stabilized. The Fed has saved the world. Now move along.
Posted by: some guy in a cube | October 30, 2009 1:00 PM
Maybe the media is waiting for a press release from the National Association of Realtors.
Posted by: leo | October 30, 2009 3:16 PM
I guess you didn't get the memo that this months story is that the housing market is on the road to recovery.
Posted by: AndyfromTucson | October 30, 2009 5:36 PM
This is why I read you and Calculated Risk and canceled my subscription to the Washington Post.
Posted by: Rick Kane | November 2, 2009 9:25 AM
UK Reporting: 5% of homes
reported vacant 3Q 2009.
Posted by: AccountingBlock.com | November 3, 2009 9:53 PM
sesli sohbet sesli chat Thnx...
Posted by: sesli sohbet | November 6, 2009 1:23 PM
The crazy quote of the day:
"Because twice as many people own their homes as rent, the total vacancy rate -- 14.5% in the third quarter -- exceeds the sum of the homeowner and rental vacancy rates."
See
http://www.census.gov/hhes/www/housing/hvs/qtr309/files/q309press.pdf for the data.
http://money.cnn.com/2009/11/10/news/economy/too.many.houses.fortune/index.htm
Posted by: Anonymous | November 11, 2009 8:05 PM
Maybe the media is waiting for a press release from the National Association of Realtors.
Posted by: screen printing machine | November 18, 2009 12:38 AM