Fresno, California<br />
July 11, 2012<br />
<br />
In a city where housing prices have fallen by more the 50% a small amount of construction has begun again in the outlying neighborhoods where housing stopped in 2008. The cost of building a new homes makes the construction only modesty profitable if at all. <br />
<br />
Many of the banks and investors are holding the homes and waiting for prices to rise to turn a profit. This degrades the amount of homes on the market and any need for a house to actually live in is harder to find artificially driving prices up.

Details

Foreclosure West
Fresno, California
July 11, 2012

In a city where housing prices have fallen by more the 50% a small amount of construction has begun again in the outlying neighborhoods where housing stopped in 2008. The cost of building a new homes makes the construction only modesty profitable if at all.

Many of the banks and investors are holding the homes and waiting for prices to rise to turn a profit. This degrades the amount of homes on the market and any need for a house to actually live in is harder to find artificially driving prices up.

Filename: 1310_07_11_2012.JPG
Photographer: ARCHIVE ANTHONY SUAU
Source:
Date 10 May 2012
Location: Frezno California USA
Credit: Anthony Suau © 2012
Copyright: Anthony Suau © 2012
Model Release: No
Property Release: No
Restrictions: Minimum usage fee $300 or 250 Euro
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Keywords:
  • 2012
  • Anthony Suau
  • California
  • Fresno
  • July 11
  • USA
  • central california
  • banks
  • foreclosures
  • homes
  • housing crisis
  • construction
  • vacnt property
  • profit
  • investors