November 1, 2012
The Census Bureau reported that the vacancy rate continued to edge lower in the third quarter; although most measures are still well above pre-bubble levels. The overall year-round vacancy rate fell to 10.2 percent in the third quarter. This is down from 10.8 percent in the third quarter of 2011 and a peak of more than 11.0 percent in the trough of the recession.
For more, check out the latest Housing Market Monitor.