Homes for $1? Not exactly but close enough.
I get asked by both active buyers and homeowners I know on a regular basis about what the market is doing and where are prices going. Yes prices have declined, but we're not seeing 1980's pricing any place, at least not yet. However, not long ago if somebody was looking for a home under $200,000 there wasn't many to pick from and that included the 'tear down' types. That's changed, and when cruising the MLS today for comps to complete a CMA I forgot how many homes had closed for less than $150k in recent months. But for less than $100k if the house will survive the next winter storm I don't think you can go wrong.