HomeZIrk - the right move

If you live in a city that went through the boom and bust cycle of the real estate years, you probably can't help notice that certain new subdivisions still stand abandoned with new homes. The grass grows almost as tall as the for sale signs that stand in the midst of them.





Across the nation, 19 million houses and apartments — nearly one out of every seven — are vacant (roughly 14% of all homes), the highest percentage since the 1960s. But only about six million of those homes are for sale or for rent. That means millions more could still flood onto the market, depressing prices further.

Read the study here: http://www.nytimes.com/2009/03/07/business/economy/07home.html?_r=1&scp=1&sq=19%20million%20vacant%20homes&st=cse