California Business Minute™

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CALIFORNIA BUSINESS MINUTE
Vacant Cities
02-03-12

Hi, I am Tim Johnson and welcome to the California Business Minute.

The Great Recession has had an ugly effect on the housing market specifically
a flood of residential foreclosures leaving in its wake vacant housing.

Every quarter, the US Census publishes data on homeowner and rental vacancies
in the 75 largest US cities that reveal which communities have the highest
number of empty homes.

The cities listed here are ranked by CNBC.com according to equal-weighted ranking
in both rental and homeowner vacancies.

THE 10 MOST VACANT CITIES IN THE NATION

                               Housing Vacancy   Rental Vacancy

1.Tucson, AZ                15.95%                     6.8%
2.Indianapolis, IN           13.50%                    5.2%
3.Toledo, OH                 19.30%                    3.6%
4.Memphis, TN              13.50%                    4.0%
5.Atlanta, GA                11.80%                    5.4%
6.Baton Rouge, LA        13.00%                    3.9%
7.Dayton, OH                10.70%                    4.7%
8.Detroit, MI                  17.20%                    2.4%
9.Houston, TX                17.40%                    2.3%
10.Kansas City, MO       11.00%                    3.0%

I am Tim Johnson and this has been the California Business Minute.