GO
Loading...

Enter multiple symbols separated by commas

U.S. Homeowner Vacancy Rate Rises

The share of U.S. homes owned but empty rose to 2.7 percent at the end of September, the Census Bureau said Friday, in a signs of weakness in the housing sector.

The rate, which was up from the 2.6 percent reported in the second quarter, indicates that a large share of the nation's homes are on the market but not selling, said Dean Baker, a director of the Center for Economic and Policy Research in Washington.

"There are a lot of vacant homes out there and a lot of pressure on many homeowners to sell," he said.

Contact Real Estate

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.
  • Diana Olick

    Diana Olick serves as CNBC's real estate correspondent as well as the editor of the Realty Check section on CNBC.com.