Photos from the Field: Half-Built Houses
What is a half-built house worth in today’s market? I snapped the following image recently while heading through the Oak Park area of Sacramento. These three houses had begun construction, but during the building process they went into foreclosure.
This is not an uncommon scenario in today’s market, is it? We’ve all heard stories of builders who went under, a project that is on hold (or dead), and a very real slowness in new construction right now.
www.SacramentoAppraisalBlog.com Photos from the Field: Half-Built Houses
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Tagged as: Half-Built Houses · Oak Park · Sacramento · Vacant Houses
[...] All units have since been rehabbed throughout and are currently listed for sale. I snapped the half-built photo in October 2009 and the remodeled photo last [...]