Wall Street and Hedge fund Investors Have Homes Lying Empty To Prop Up The Las Vegas Housing Market?

Dated: April 4 2022

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Even in the face of rising mortgage rates and stagnating construction numbers, the housing market is still scorching hot. Because of this, it might be hard to believe that more than 16 million homes across the country are sitting vacant.

But this doesn’t mean millions of abandoned and dilapidated homes are withering away in the suburbs, according to Jacob Channel, the author of the report and LendingTree’s senior economic analyst. He said vacant homes can be unoccupied for many reasons beyond being uninhabitable. For example, a house can be vacant because it’s still on the market to be sold or rented or it’s a vacation home not currently in use.

Regardless of why homes are vacant, knowing an area’s vacancy rate can be an important part of understanding the overall health of its housing market.

To get a sense of vacancy rates, LendingTree analyzed the latest Census Bureau data to rank the nation’s 50 states by their shares of unoccupied homes.

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Dan French

Dan has over 13 years in Real Estate, with multi-faceted background in Real Estate and Lending. His main objective is to provide the highest level of customer service. He has the experience to answer ....

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