Abandoned Properties – A crisis in Flint
The public health crisis that has seized Flint is only the latest struggle for the Michigan city, where one in six houses is vacant after a long period of decline.
The Flint metro area had the highest rate of vacancy in February at 7.5 percent, according to a RealtyTrac report that ranked metropolitan statistical areas with the most and least empty houses.
The real estate data company broke down the data by individual city for The Huffington Post, revealing a more extreme picture of abandonment: 9,800 homes are empty in Flint, 16.5 percent of all residential properties. At the city level, Detroit had the highest vacancy rate, with 53,000 empty houses, nearly one in five. Nationally, close to one of every 63 residential properties that RealtyTrac analyzed are vacant.
Read Full Article [www.huffingtonpost.com]
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