Palm Coast, Fla., Las Vegas and Cape Coral, Fla., were all among the former high fliers. Many large counties which have 20% or higher occupancy rates are in these same regions. Lee County, Fla., Yuma County, Ariz., Mohave County, Ariz., and Osceola, Fla., each had a precipitous drop in home prices and increases in vacancy rates as homebuyers disappeared when the economy went south. ………..
Vacant homes and homes which lose double-digit amounts of their value each year irreparably undermine the tax
base. And, as services fall, fewer potential homeowners will consider investing in the area.
again, full story – click photo
1. Lake County, Mich.
Number of homes: 14,966
Vacancy rate: 66%