Phoenix, Arizona<br />
July 21, 2012<br />
<br />
New construction in Phoenix. Although many homes in Phoenix sit vacant most investors and banks, who own the homes, are holding them hoping to see prices rise to turn a profit. In the past few months housing in Phoenix has risen as much as 20% making it a strong market for investors. Construction of new housing has begun again in an artificially inflated market.

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Foreclosure West
Phoenix, Arizona
July 21, 2012

New construction in Phoenix. Although many homes in Phoenix sit vacant most investors and banks, who own the homes, are holding them hoping to see prices rise to turn a profit. In the past few months housing in Phoenix has risen as much as 20% making it a strong market for investors. Construction of new housing has begun again in an artificially inflated market.

Filename: 7128_07_21_2012.JPG
Photographer: ARCHIVE ANTHONY SUAU
Source:
Date 21 May 2012
Location: Phoenix Arizona USA
Credit: Anthony Suau © 2012
Copyright: Anthony Suau © 2012
Model Release: No
Property Release: No
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Keywords:
  • 2012
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  • bankruptcy
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  • middle-class
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  • investors
  • housing
  • homes
  • sales
  • profit
  • prces