Not Much Vacancy in California

To the surprise of absolutely no one, but now it’s official: California has the lowest vacancy rate in the nation. Apparently, the U.S. Census Bureau tracks empty residences and in 2017 8.3 of California’s residences – rental and owned – were vacant.

What is somewhat surprising is that this represents an improvement over 2016’s 7.8 rate.

Limited availability isn’t just a California problem: nationwide the rate was 12.7 – an 11 year low.

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