As real estate prices continue to decline nationwide, many Americans are taking advantage of the soft market to invest in a first home, add a property as an investment or refinance. According to the National Association of Realtors, median sales prices in April (the last month data is available) were 2.8 percent below the March median and a full 15.4 percent below April 2008 prices. In this gallery, we take a look at bargain basement homes. You’ll find 14 homes a buyer can purchase for the price of a used car — $10,000 or less.
Have you recently had a CD mature? Did you receive a healthy tax return? Did a small inheritance recently find its way to you? If so, may we suggest that you take a look at these bargain basement homes in markets from California to New York. (All were located via Cyberhomes’ searchable listings.) Although many bargain properties require not-insignificant work, in some cases, owning a home in the United States can now be achieved for a song.