13% of all U.S. homes are vacant
High residential vacancies are killing many housing markets, as foreclosed homes sit on the market and depress sale prices and property values.
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Census: 13% of U.S. homes are vacant
The national vacancy rate crept up to just over 13 percent according to last week’s decennial census report. That’s up from 12.1 percent in 2007. Maine had the highest proportion of empty housing stock, at 22.8 percent.
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Brookfield Homes Reports Stockholder Approval of Merger and Contribution Agreement
FAIRFAX, VIRGINIA–(Marketwire – March 25, 2011) – Brookfield Homes Corporation (“Brookfield Homes”) (NYSE:BHS) today announced that at its special meeting of stockholders held on March 25, 2011, Brookfield Homes’ common stockholders voted to approve and adopt the Agreement and Plan of Merger and Contribution dated as of October 4, 2010, among Brookfield Homes, Brookfield Residential Properties …
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