Cities With the Most Vacant Homes for Sale or Rent

There is some bad news for people hoping to find a good deal on a home to rent or buy: The vacancy rate for American homes fell by 9.3 percent over the past two quarters, a new report shows. RealtyTrac's analysis of residential property vacancies for the first quarter of this year, which was released this week, shows that only 1.6 percent of residential properties were vacant at the beginning of February. Daren Blomquist, RealtyTrac vice president, says most U.S. real estate markets have too few vacant homes. In a press release, he explains the possible side effects of such a low vacancy rate:

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