We’ve all seen them – big, beautiful, antique houses in need of a little TLC, sitting empty in a nice neighborhood. It’s hard not to wonder…why? For a while, it seemed like vacant houses were popping up everywhere – but now, the ratio is declining.
According to Realtor.com, “the number of [vacant] properties across the country fell to just 1.6%, representing 1.36 million homes, as of Jan. 31, according to a RealtyTrac report. That’s down slightly from 1.8%, or 1.5 million properties, as of Sept. 30.”
The decline is good news for the housing market, signaling that more homebuyers are working their way into the market.