House prices going cheap in the U.S.

Filed under:  U.S. Real Estate  by:  admin


Imagine buying a home in the U.S. for about Rs.1,50,000. Wait, you and I can’t buy if we are residents of India.

 

The news is that many house owners are abandoning their home, unable to pay back the home loans.

 

A detailed look at US realty websites such as realtor.com, zillow.com and ziprealty.com show that homes with at least one bathroom and bedroom are indeed being advertised at anywhere between $1,500-3,000 (Rs 69,000-1.38 lakh), an incredible fact by itself, in places such as Detroit, Michigan, Jackson, Mississippi, and Cleveland, Ohio.

 

Source: Times of India