9:09 am August 4, 2011, by Henry Unger
Atlanta has the nation’s fourth sickest housing market among the country’s largest 75 metro areas, according to a new analysis.
Tucson had the worst market, followed by Indianapolis and Memphis, according to the 24/7 Wall St. website. It pulled Census data on the 75 largest metro areas and ranked the cities with the highest overall vacancy rates for both homeowner vacancy and rental vacancy for the second quarter of 2011.
Atlanta had a homeowner vacancy rate of 5.4 percent and a rental vacancy rate of 11.8 percent, the website said.
“The city, which had a significant influx of new residents, particularly from the northeast, has been hit hard,” the website said, citing our higher than average unemployment rate.
Ten Sickest Housing Markets
5. Baton Rouge
8. Kansas City
9. St Louis
10. Oklahoma City
- Henry Unger, The Biz Beat
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