The U.S. Department of Commerce has released information today on vacant housing prices. In the third quarter 2011, the median asking sales price for vacant for sale units was $136,700. In 2007, the median asking sales price was $200,000. This represents approximately a 32% decline.
The home ownership rate for households with family incomes greater than or equal to the median family income was lower than the third quarter 2010 rate. The rate for those households with family incomes less than the median family income was also lower than the rate a year ago.
National vacancy rates in the third quarter 2011 were 9.8 percent for rental housing and 2.4 percent for homeowner housing.
In the third quarter 2011, the median asking rent for vacant for rent units was $700.
For more government information on home ownership, go to http://www.census.gov/hhes/www/housing/hvs/hvs.html.
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