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Home / Videos / Real Estate / Long-Term Vacant Housing in the United States

Long-Term Vacant Housing in the United States

July 3, 2014 By Admin

Long-Term Vacant Housing in the United States.
Long-Term Vacant Housing in the United States.

Dr. Raven Molloy, Senior Economist for the Federal Reserve Board of Governors discusses Long-Term Vacant Housing in the United States, as part of the REALTOR® University Speaker Series.

Dr. Molly shares her personal analysis of the long-term vacant housing and the resulting affect it can have on the health of the housing market.

Why is this important to homeowners and homebuyers?

A home is one of the largest financial purchases and investments many of us will have.

Staying abreast of long-term vacancy rates in general, and in specific markets, helps forecast the direction of housing both nationally and locally.

Because long-term vacancy rates can negatively effect home prices for an extended period of time, it can be beneficial to consider vacancy rates when choosing to purchase a home, or stay in a home.

Furthermore, since long-term vacant housing can affect the housing market, it can also affect the mortgage industry which is directly tied to housing.

So, when you are thinking about buying a  home, take a look at the long-term vacancy rate, which may help you make a decisions about the direction of home prices and mortgage rates, and estimate the property from an investment perspective.

Dr. Raven Molloy: Long-Term Vacant Housing in the United States

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Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

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