RHVRUSQ156N · as of 2026-07-01
Homeowner Vacancy Rate
Homeowner Vacancy Rate in the United States
View on FRED · RHVRUSQ156N ↗1.20%
yoy
◂ 0.00%
41 obs · quarterly · percent── 1y ago 1.20%
What it is
Empty homes for sale. Rising = price weakness; falling = tight market.
- source
- FRED
- frequency
- quarterly
- units
- percent
- s.a.
- no
What it’s telling us · as of 2026-07-01
Homeowner vacancy sits at 1.2%, flat to a year ago and barely budging quarter to quarter — the market's holding a steady-state lean toward tight. This isn't the 1.6% prints from the mid-2010s when foreclosure inventory was everywhere, and it's not signaling the price collapses that come with real oversupply. What you're seeing instead is inventory discipline: sellers aren't flooding the market with empty homes for sale, which keeps bid competition from cratering on anything half-decent. For a buyer, that means you're still negotiating from a position of weakness; for a holder sitting on appreciation, the floor holds.
⟡ auto-generated weekly · claude-haiku-4-5 · reviewed before publish
Related metrics
Get the data
Python · fredapi
"""
Homeowner Vacancy Rate — Empty homes for sale. Rising = price weakness; falling = tight market.
Freq: quarterly · Source: FRED
"""
from fredapi import Fred
fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("RHVRUSQ156N")
print(series.tail())LLM prompt
You are analyzing FRED series RHVRUSQ156N — Homeowner Vacancy Rate in the United States. Context: Empty homes for sale. Rising = price weakness; falling = tight market. Attributes - Units: percent - Frequency: quarterly - Source: FRED Latest observation: 1.20% as of 2026-07-01 Year-over-year change: 0.00% Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?