The latest Census Bureau results show that 17.45% of homes in Florida are vacant. That’s 1.558 million houses sitting there soaking up the sun. Florida’s housing bubble was one of the hottest and now their vacancy rate is the highest.
“If you’re buying in Florida for retirement,” Ingo Winzer, a housing market analyst, told CNN Money, “maybe you buy next year when prices will be near the bottom. If you’re buying for investment — don’t.”
In the meantime, I hear swarms of bees are in the market.