Fresno, California<br />
July 11, 2012<br />
<br />
An abandoned foreclosed building is reflected in the window of another abandoned foreclosed home from across the street. <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

An abandoned foreclosed building is reflected in the window of another abandoned foreclosed home from across the street.

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: 1489_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