California's Fastest Growing City

Low-cost housing is fueling an economic boom in this once-sleepy farming town, with an average of 12 new houses per day.

"And this town of humble roots, bad air and the pungent smell of dairy farms has seen its population explode as national builders have moved in to plant dozens of new subdivisions.

Over the last year alone, no large city in California has grown at a faster rate than Bakersfield, which averaged 36 new residents and 12 new houses every day.

And no metropolitan area in the nation has seen housing prices rise faster than Bakersfield, where homes sold for 34% more in the first quarter of this year than a year before."

Thanks to Laura Kranz

Full Story: Bakersfield Comes Into Full Boom

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