Economics

U.S. Home Vacancy Rate Falls as Demand for Housing Improves

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By Prashant Gopal

July 27, 2012 at 4:23 PM UTC

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The U.S. home-vacancy rate, a measure of properties empty and for sale, fell to the lowest level since 2006 as demand for housing improved and lenders slowed property repossessions.

The rate declined to 2.1 percent in the second quarter from