GO
Loading...

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.

Home prices and supply map

  • Track the latest moves in sales, prices and inventory in some of the largest housing markets across the country.

Latest Special Reports

  • Join CNBC on the search for the next Warren Buffett on college campuses across the US.

  • YPO's (Young Presidents' Organization) 22,000 top executives provide commentary about the issues affecting the economy.

  • CNBC 'Explains' the complicated economics of our world—from stocks and balance sheets, to trade and public policy.