America's 10 sickest housing markets - Business - Real estate - msnbc.com
"1. Tucson, Ariz.
Homeowner vacancy rates: 6.8 percent (1st)
Rental vacancy rates: 15.9 percent (6th)
Total housing units: 440,909
Unemployment: 7.8 percent
Tucson’s homeowner vacancy rate was 3.2 percent one year ago.
It is now over double that.
The city had a booming residential housing market before the crash.
Since then, demand is so low that median home prices have dropped 18 percent in the past year and 33 percent since 2008.
In addition, the city has among the highest rate of foreclosures in the country."
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