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The nation’s hottest housing market? Surprise — it’s Fresno

After five years of planning and months of construction delays, first-time developer Vincent Ricchiuti was ready to open his luxury apartment complex. Then came the pandemic.

…A greater percentage of families in Fresno spend more than half their income on rent than those in San Francisco or Los Angeles. The housing shortage for low-income households in Fresno tops 35,000 units, according to advocacy group California Housing Partnership Corp. …