These US states have been hit hardest by the new housing crisis
- Housing markets are getting tighter across the US.
- One measure of housing market tightness is the share of housing units awaiting rent or purchase.
- That vacancy rate varies widely across the 50 states and Washington DC.
Housing markets across the US are starting to get dramatically tighter, with rents skyrocketing and housing supplies becoming scarcer, suggesting a new housing crisis. In some markets, prospective homebuyers are increasingly likely to place bids on homes without seeing them firsthand.
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One of the metrics the Census Bureau provided was year-round vacancy rates for all housing units intended for year-round occupancy, excluding seasonal homes and group quarters like college dorms or military barracks.Six states had vacancy rates at or below 7.0%:
- California: 7.0%
- Utah: 7.0%
- Massachusetts: 6.8%
- Minnesota: 6.5%
- Washington: 6.4%
- Wisconsin: 6.0%
Here's the year-round vacancy rate for 2017 in each state and DC:
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