Alabama is #5 out of Top Ten

 From Lending Tree:

"Even in the face of rising mortgage rates and stagnating construction numbers, the housing market is still scorching hot. Because of this, it may be difficult to believe that more than 16 million homes across the U.S. are sitting vacant.

But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the suburbs. Vacant homes can be unoccupied for many reasons beyond being uninhabitable. For example, a house can be vacant because it’s still on the market to be sold or rented or it’s a vacation home not currently in use.

Regardless of why homes are vacant, knowing an area’s vacancy rate can be an important part of understanding the overall health of its housing market. FULL STORY is HERE.