Flint’s home vacancy rate is more than four times the national rate, according to a new report.
Realty Trac says nationally 1.6% of homes are vacant. In Michigan, it’s 3.4%. In Flint, 7.2% are vacant.
Daren Blomquist is with Realty Trac. He says Flint’s high vacancy rate is “defining the housing market”.
“When you get to a certain threshold, and I would say Flint is far above that threshold, it becomes a driving piece of the market.” Says Blomquist.