Commerce department releases home vacancy rates for second quarter

The national vacancy rates of homes in the second quarter were recently released by the U.S. Department of Commerce.

Among homeowner housing, the report indicates the rate stayed the same at 2.5 percent when compared to the second quarter last year. Among rental housing units, vacancies fell 1.4 percent from 2010 to 9.2 percent.

The report also detailed the regions of the country wherein vacancies were most prevalent, finding that the South had the highest rate at 11.4 percent. The Midwest had the second highest at 10.3 percent, while the Northeast and West tied at 6.8 percent.

For housing units occupied, the report found that 86 percent were being lived in, the majority of which being owner-occupied.

Before having a mortgage approved, consumers may have their credit report evaluated to see if they are delinquent on any of their payments. This report may be tainted, however, due to inaccurate markings, causing a credit score to be less than it should be. A credit attorney may be able to identify these statements and repair bad credit.