Fresno-Clovis Area Distressed Residential Properties: Where & Who?
Track: Real Estate
Authors: Xiaoming Yang, Andrew Hansz
The collapse of the housing bubble has wreaked chaos on the lives of tens of millions of American. Fresno/Clovis metro area has no exceptions. The study used the residential property sales data from 2003 to 2012 and focused on the distressed sales , in 2009. The research employs geo-spatial analytical methods to investigate the concentrations of the distressed residential properties in Fresno/Clovis metro area and social-economic characteristics of severely impacted areas.