housing market: Housing Market Hits A Low - House Sells For ONE DOLLAR! - 08/14/08 04:10 AM
You'll never believe it but I just got wind that a foreclosure home in Detroit at 8111 Traverse Street just sold for...
(time for another drum roll)
ONE DOLLAR!
Could this be a siginal that the housing market has bottomed out?  The house was bought back in November of 2006 for $65,000 and the bank that foreclosed on the property was so desperate to sell it that they listed it on the MLS for $1.  And it still took 19 days to sell.
Even more amazing is that it was listed back in January for $1,100.
Check out the article in … (7 comments)

 
Paul Dunn, former orginator

Paul Dunn

former orginator

Tucson, AZ

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