Homeowners know the bad news too well: residential real estate values have plummeted more than 25% nationally during the Great Recession, as much as 40-50% in some metro areas. The good news? The depressed housing market looks more and more like a giant opportunity for young first-time buyers lucky enough to have stable jobs, investors in rental properties, even empty nesters with enough equity left in their existing homes to downsize.
Here are 10 nice homes for sale in solid urban and suburban neighborhoods with asking prices under $100,000. See if you are as surprised as we were at how far $75,000 goes in some parts of the country. The median home price nationally hovers around $240,000.
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Cleveland, Ohio
Asking Price: $89,900
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Dallas, Tex.
Asking Price: $83,000
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Decatur, Ga.
Asking Price: $65,000
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Detroit, Mich.
Asking Price: $89,000
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Kansas City, Mo.
Asking Price: $90,000
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Las Vegas, Nev.
Asking Price: $89,500
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Nampa, Idaho
Asking Price: $85,000
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Penn Hills, Pa.
Asking Price: $72,999
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Syracuse, N.Y.
Asking Price: $79,900
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Sioux City, Iowa
Asking Price: $95,000
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