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Mortgage

National vacancy rate edges up 8.3% in 3Q

National vacancy rates in the third quarter 2013 hit 8.3% for rental housing and 1.9% for homeowner housing, the Department of Commerce’s Census Bureau announced.

The rental vacancy rate was 0.3 below the rate in the third quarter 2012 and 0.1 percentage point higher than the rate last quarter.

Meanwhile, the homeowner vacancy rate was virtually unchanged from the third quarter 2012 rate and the rate last quarter. 

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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