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Home for $1,000 in the US!

Thanks to the recession in the US economy and particularly in the real estate segment, the homeseekers can find homes for as low as $1,000 in places like Detroit and Cleveland. According to the realtor.com, the largest database of real properties and residential houses, there are 46 listings in Cleveland and 709 in Detroit for under $3,000. Most of these homes have been hit hard by foreclosures and are now available for sale by their owners. In fact, the increasing instances of foreclosures in the US have turned banks and lending agencies into property management companies. You can buy foreclosed properties through any of these banks who find it easier to sell these homes cheaply rather than wait for the real estate market to stabilize.

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