Top 10 Home Deals Across America


What subprime crisis?  Affordable houses are everywhere.
woodleywonderworks

CNNMoney recently listed ten great home buys from across America.  Some of these look like they could be good deals, but be forewarned: many of these “deals” look like the typical McMansion that got us into this subprime mess in the first place.

I’ve created a table of the homes for sale, which you can enlarge by clicking on the thumbnail below:

10homebuys

I know my wife would kill for an extra bathroom, but do you really need 5 and a half?  I guess if you have the money to burn, then $2.2 million is a bargain at a 12% savings.  Call me a cheapskate, but I think you could probably do better sifting throught the foreclosure market for some real bargains.

Home prices in my area have dropped over 8% since this time last year, and 18% over the last three years.  How have the prices in your area changed?

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  1. #1 by Peter at July 22nd, 2009

    Some of those homes certainly do seem like a good deal. The Chanhassen, Minnesota one is only one city over from us. I think there are a lot more like that one that are still available.

    Our city has seen a glut of similar homes to the ones in the story - a lot of them foreclosures from building companies that went under.

    One 4 br 4 bath home in particular that we really liked in our neighborhood sold for $560,000 three years ago. Now the bank is selling it out of foreclosure for $360,000. I sure wish we had waited a couple of years - we could have bought that house for 200k less!
    Peter´s last blog ..Having A Hard Time With Your Refinance Or Loan Modification Under The Making Homes Affordable Program? Join The Club. My ComLuv Profile

    • #2 by enrique s at July 22nd, 2009

      Peter,

      We bought our home long before the current housing crash, and we’re planning on staying put. I don’t think that I could get my kids to move away from their friends, anyway. ;-)

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