MI: Many Homes Vacant, But Turnaround Coming?

While Michigan’s population was going down, houses kept going up. That left the state with hundreds of thousands of empty houses and apartments, an excess builders and real estate experts say is only now beginning to be filled.

Analysis of the 2010 Census shows the number of housing units in Michigan grew by nearly 300,000 in the past decade, even as the state’s population fell by about 50,000 people.

During those 10 years, the home occupancy rate dipped by 4.5 percent, while the vacancy rate rose by 37.4 percent, to about one in seven.

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Full Story from MLive.com

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