Foreclosed Fixer Upper and Distressed Homes Hinder Homebuilding
May 5th, 2011The high number of foreclosed fixer upper homes and distressed dwellings in St. Louis, Missouri has been cited as the primary reason for the downturn in the area's homebuilding industry. With a lot of cheap homes to compete with, new homes stand very little chance of improving their market share. Housing data for March 2011 showed that the new home market is still struggling.
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