The U.S. Department of Commerce announced this week that national vacancy rates for the first quarter of 2016 were 7%, which is virtually unchanged from last quarter and from Q1 of 2015. The U.S. homeownership rate for the first quarter was 63.5%, slightly lower than the last quarter of 2015 (63.8%). In addition the Q1 2016 median asking rent for vacant for rental units was $870 and the median asking sales price for vacant for sale units was $144,700.
Trending
- FHFA Says Home Prices Up 4% Year-Over-Year
- Top 5 Built to Rent Metros
- S&P CoreLogic Case-Shiller Sees 3.4% Annual Gain in March
- Pending Home Sales Drop 6.4% in April
- Who Actually Owns the Various Power Tool Brands?
- RentCafe’s Top 10 Rental Cities for Q1 2025
- Cotality SFRI: Rent Up 2.9% Year-Over Year in March
- Charles Tassell Accepts Position with USDA in Trump Administration