Industry NewsOpinion

Real estate’s January report card

Guest perspective: Vacancy glut will prolong housing recovery
Published on Feb 12, 2007

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by CareyBot

A glut of 800,000 excess vacant homes will prolong the housing recovery for approximately one year, as the recent surge in resale listings and completed new homes offered for sale includes a record level of unoccupied homes. The surge is both the result of investor activity earlier this decade as well as the result of new-home sales cancellations.

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