RealtyTrac recently released their Q1 2016 U.S. Residential Property Vacancy Analysis which showed that out of nearly 85 million residential properties (with 1 to 4 units), more than 1.3 million (1.6%) were vacant at the beginning of February 2016, down 9.3% from the last residential property vacancy analysis in the third quarter of 2015.
Of note is Flint, Michigan where 87% of the vacant homes are investment properties. Nationally Investment properties accounted for 76.7% of all vacant properties. Yikes!
