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13% of US Homes vacant during the Obama Boom!

by Phantom Ace ( 25 Comments › )
Filed under Headlines at March 28th, 2011 - 2:44 pm

The greatest economic expansion since the conquests of Alexander the Great, the Obama Boom is a tide that lifts all boats. In the latest report on this once a millennium boom, 13% of all US homes are vacant.

NEW YORK (CNNMoney) — High residential vacancies are killing many housing markets, as foreclosed homes sit on the market and depress sale prices and property values.

And it’s only getting worse: The national vacancy rate crept up to just over 13% according to last week’s decennial census report. That’s up from 12.1% in 2007.

The Obama Boom continues to roar!

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This entry was posted on Monday, March 28th, 2011 at 2:44 pm and is filed under Headlines. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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