The Biggest Discounts On Houses
http://news.yahoo.com/s/usnews/20090626/ts_usnews/the10mostdollardiscountedhousingmarkets
It is quite interesting really. There was a time when the media only spoke about how the real estate market was booming, the large number of projects underway and the soaring prices. Today we get lists of the most discounted housing markets.
It is completely a buyer’s market today. Sellers are competing with each other to attract a buyer and in the process pushing prices down. The main reason why this is happening is the huge amount of foreclosed properties on the market. Banks are willing to sell these off at prices less than half of what they would have fetched three years ago. At times these prices only just about cover construction costs.
For buyers, the search for that bargain home has just got easier. Look through these lists, and you will know where the most attractive housing markets are.
