Tag Archives: vacancy

Will vacancy cost Obama votes?

It’s hard to do grassroots canvassing when most of the neighborhood is in foreclosure.

“The nation’s foreclosure crisis rarely is mentioned by the presidential candidates, but it looms large as their campaigns grapple with finding evicted voters in swing states.

Organizers are discovering scores of vacated homes in key battlegrounds that contributed strong turnouts in the 2008 election. In the past four years, more than 3.7 million homes have been lost to foreclosure, according to market research firm CoreLogic. Continue reading

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The Worst Neighbor? A Bank

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photo credit: Tess Vigeland (via Marketplace.org)

I just heard a really poignant Marketplace report on the impact of vacancy on neighborhoods.  With the rash of foreclosures following the sub-prime mortgage meltdown, many properties came into the sole possession of banks, including Bank of America and JPMorgan.  Putting aside the damage done by the foreclosure process itself, what is perhaps more destructive is the vacancy that follows.

The biggest issue?  Banks don’t take care of these properties.  And it’s easy for disrepair to become blight, especially in a neighborhood plagued by systemic vacancy. Continue reading

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Abandonment: “A Magnet for Negativity”

Abandoned housing isn’t just an negative economic indicator, it’s also a hazard to the households who are left behind.   Continue reading

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High Vacancy… and We’re Still Building?

photo credit: Rishichhibber

Cities across the nation have higher-than-normal vacancy rates, especially among single-family homes.  At the same time, housing permits – a commonly-used indicator for forthcoming housing supply – are on the rise. What gives?

This odd phenomenon isn’t without reason.   Continue reading

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