According to a recent analysis compiling from public records, the following observations were observed:
Metro areas with the lowest share of vacant residential properties are:
1 San Jose, CA (0.2 percent),
2 Fort Collins, CO (0.2 percent),
3 Manchester, NH (0.3 percent),
4 Provo, Utah (0.3 percent),
4 Lancaster, PA (0.3 percent),
5 San Francisco, CA (0.3 percent).
6. Los Angeles, CA (0.4%)
7. Boston, Ma (0.5%)
8 Washington DC (0.5%)
According to the analysis compiled and reported by Doug McIntyre, many city homes have surpassed previous historical high and home recovery in the housing is speedily propagating across the continent. One of the reasons is there were not enough housing built during the Great Recession and there is a shortage of housing.
Average housing vacancy across the country is 1.6% often from the income properties. The source will be from apt, homes for rent.
The shortage of affordable housing has pushed rental prices to a historical high. Old tenants are being asked to leave as landlords are jumping on the bandwagon to raise and asking high rents that previous tenants can not afford. We often see retirees and those with low income are being asked to leave. Cities which created many high technology jobs are enjoying the income and taxes received often at the cost of letting poorer residents in the cold.
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Sam Shueh Realtor
I've called San Francisco South Bay home for over 37 years. We love this area and all it has to offer, and I enjoy sharing what I know about homes. I documented in several books about Silicon Valley history. I have much expertise in real estate...please give me a call. Silicon Valley Realtor Sam Website
(Four-O-Eight) 425-1601
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