20% | FORECLOSURE FRAUD | by DinSFLA

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Nearly 20% of Florida homes are vacant

Nearly 20% of Florida homes are vacant


By Les Christie, staff writer

NEW YORK (CNNMoney) — It’s not always easy to feel sorry for sunny Florida. But they just got hit with another blow.

On Thursday, the Census Bureau revealed that 18% — or 1.6 million — of the Sunshine State’s homes are sitting vacant. That’s a rise of more than 63% over the past 10 years.

Having this amount of oversupply on the market will keep home prices depressed and slow any recovery.

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