Homeowner vacancy rate: 5% % of mortgages delinquent 90 days: 0.5%
Orlando is known for its theme parks and tourism industry, but it also has a high homeowner vacancy rate and a low percentage of mortgages delinquent 90 days or more. This could indicate that people are leaving the city or struggling to pay their mortgages.
Homeowner vacancy rate: 4.1% % of mortgages delinquent 90 days: 0.6%
Fort Lauderdale is a popular destination for beach lovers and retirees, but it also has a high homeowner vacancy rate and a moderate percentage of mortgages delinquent 90 days or more. This could suggest that the city is facing a supply and demand imbalance or a lack of affordability.
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Homeowner vacancy rate: 3.6% % of mortgages delinquent 90 days: 0.6%
Gainesville is home to the University of Florida and a vibrant cultural scene, but it also has a high homeowner vacancy rate and a moderate percentage of mortgages delinquent 90 days or more. This could imply that the city is experiencing a student housing glut or a low homeownership rate.
Homeowner vacancy rate: 2.2% % of mortgages delinquent 90 days: 0.6%
Miami is famous for its nightlife and diversity, but it also has a low homeowner vacancy rate and a moderate percentage of mortgages delinquent 90 days or more. This could indicate that the city is facing a housing shortage or a high cost of living.
Homeowner vacancy rate: 2.0% % of mortgages delinquent 90 days: 0.6%
Jacksonville is the largest city in Florida by area and population, but it also has a low homeowner vacancy rate and a moderate percentage of mortgages delinquent 90 days or more. This could suggest that the city is growing faster than its housing supply or that its residents are financially stressed.
Homeowner vacancy rate: 1.6% % of mortgages delinquent 90 days: 0.6%
Hollywood is a coastal city with a historic downtown and a boardwalk, but it also has a very low homeowner vacancy rate and a moderate percentage of mortgages delinquent 90 days or more. This could imply that the city is attracting more buyers than sellers or that its homeowners are overleveraged.
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Photo by Marc Stangl
Homeowner vacancy rate: 0.9% % of mortgages delinquent 90 days: 0.7%
Pembroke Pines is a suburban city with a diverse population and a high quality of life, but it also has the lowest homeowner vacancy rate and the highest percentage of mortgages delinquent 90 days or more among the seven cities. This could indicate that the city is facing a severe housing crisis or that its homeowners are in deep financial trouble.