US-ECONOMY-PROPERTY-POVERTY-LABOUR

Workers restore a "zombie" property, which was once a delicatessen, on May 30, 2017, in Newburgh, New York. Rows of boarded-up homes became a ubiquitous symbol of the US housing crash. Some 10 years later, the national market has recovered, and although the bricks and mortar scars of abandoned properties remain in many states, suitors are lining up in some places where tumbleweed has long outgrown the market. Newburgh, a once thriving area of 30,000 people succumbed to rising interest rates, falling prices and local tax hikes. Many families moved without warning in 2007-08. Vacant properties remain, but Newburgh is on the up. / AFP PHOTO / Don EMMERT (Photo credit should read DON EMMERT/AFP via Getty Images)
Workers restore a "zombie" property, which was once a delicatessen, on May 30, 2017, in Newburgh, New York. Rows of boarded-up homes became a ubiquitous symbol of the US housing crash. Some 10 years later, the national market has recovered, and although the bricks and mortar scars of abandoned properties remain in many states, suitors are lining up in some places where tumbleweed has long outgrown the market. Newburgh, a once thriving area of 30,000 people succumbed to rising interest rates, falling prices and local tax hikes. Many families moved without warning in 2007-08. Vacant properties remain, but Newburgh is on the up. / AFP PHOTO / Don EMMERT (Photo credit should read DON EMMERT/AFP via Getty Images)
US-ECONOMY-PROPERTY-POVERTY-LABOUR
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Contact your local office for all commercial or promotional uses. Full editorial rights UK, US, Ireland, Italy, Spain, Canada (not Quebec). Restricted editorial rights elsewhere, please call local office.TO GO WITH AFP STORY by Thomas URBAIN, US-economy-property-poverty-labour
Credit:
DON EMMERT / Staff
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698818090
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AFP
Date created:
30 May, 2017
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AFP
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