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Housing market: 13% of all U.S. homes are vacant

By Implode-Explode Heavy Industries

``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.''

Full post as published by Mortgage Lender Implode-o-Meter on March 29, 2011 (boomark / email).