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Old 03-22-2011, 02:26 PM
 
Location: Lake Mary, Florida
793 posts, read 2,152,605 times
Reputation: 264

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Reprinted by permission from Florida Realtors,

WASHINGTON – March 22, 2011 – The U.S. Census Bureau released its Florida report on Thursday, and it included the number of vacant housing units in the state: 18 percent, or 1.6 million.

As a result, a number of media reports have focused on the large number of vacancies, considering it a reflection of homes for sale, and an indication of the time it would take for the real estate market to fully recover. However, many homes the Census Bureau considers vacant are empty by choice – homes in which snowbirds live only a few months out of the year, for example, or homes under construction but not yet inhabitable.

According to the U.S. Census Bureau, the definition of “vacant” means “no one is living in it at the time of the interview, unless its occupants are only temporarily absent” or “entirely occupied by persons who have a usual residence elsewhere.”

The latter would include snowbirds or other part-time Florida residents.

In addition, “New units not yet occupied are classified as vacant housing units if construction has reached a point where all exterior windows and doors are installed and final usable floors are in place.” Many media reports have not included or explained the Census definition for “vacant” homes, resulting in a misleading impression of Florida’s housing market.

Now I'm not saying we don't have vacant homes but wouldn't you expect someone to think this through or is it too complex an issue as with all other issues, I guess big numbers do make better news.

Hope this helps,
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Old 03-22-2011, 02:43 PM
 
114 posts, read 257,063 times
Reputation: 62
Dave,

Honestly if these FALSE or SKEWED reports actually affect prices of home so that they drop I would be a happy man.

I am planning on purchasing a home within a 1 year and half.

The less I can pay for it, the better it is for me.
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Old 03-22-2011, 04:19 PM
 
Location: Lake Mary, Florida
793 posts, read 2,152,605 times
Reputation: 264
Good reason to keep screaming the sky is falling, meanwhile we loose jobs!

Hope this helps,
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Old 03-22-2011, 06:40 PM
 
184 posts, read 373,410 times
Reputation: 108
No, Not true! They are counting snowbirds homes as vacant and their residency is in their other states.
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Old 03-23-2011, 07:04 AM
 
8,760 posts, read 9,941,249 times
Reputation: 4517
This article has already been posted like 4 times in the general FL forum
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Old 03-23-2011, 08:16 AM
 
Location: Louisiana
73 posts, read 135,255 times
Reputation: 33
Dave, I heard this on the national news the other night and wondered how they arrived at those figures. As someone currently in downton Georgia and planning a move to the Orlando area soon, my ears perk up when I hear anything affecting Orlando's area in the news. Thanks for bringing it here with an explanation. I haven't seen anything written about it before now.

Is there anything mentioned about pricing? Are selling prices still down? How much? etc.?

Thanks again.
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Old 03-26-2011, 03:12 PM
 
26,589 posts, read 52,981,378 times
Reputation: 12963
It's ridiculous that they lump foreclosed/abandoned homes in with those that are simply "unoccupied" at the time some minimum wage census taker with no real stake comes knocking.

I live in a desirable community with some snowbirds and a fair proportion of part time owners who also own homes in other parts of the state or other countries. Of 37 homes in my immediate neighborhood, 10 are part time residences and one is vacant/for sale (but not a short sale or foreclosure).

We have had ZERO foreclosures and ONE short sale. Does that mean we are some run down community littered with board-ups? Hardly. In fact the homes in this community are much better cared for than the average.

Yet our government in all of its absurdity would have the casual observer think that it is some rundown cesspool rather than the affluent area that it actually is. Yet another example of our tax dollars at waste.
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