10 Homes Between $99 - $10,000

I heard a lot about homes, especially in Detroit selling for under $10,000, and a few under $1000. I thought it was a joke, so I did a bit of research, and was amazed at what I found. Here are just a few of the cheap homes I found.

$99 - Detroit Michigan
Alright I know it looks crappy, and needs a lot of work, but for a price that you'd pay for a nice dinner for 2 you can have a 1100 square foot home with 3 bedrooms, and the land that it sits on at 13960 Marlowe St.


$250 - Detroit Michigan
Another steal? It doesn't look great on the outside, and probably not on the inside either, but for $250 this home, built in 1920 and located on 9750 Bryden St seems like a good buy. Has 3 Bedrooms and 1 bath, and is 858 square feet. >>>More details


$500 - Detroit Michigan
How can you go wrong with this 4 bedroom, 1700 Square foot home on 15486 Ardmore St in Detroit? With a 30 year fixed rate mortgage you'd pay about $3 a month for this beauty. Ok, maybe it;s not a beauty but $500????


$500 - Detroit Michigan
Wow, what a steal. This home which is located in downtown Detroit can be had for less than you'd pay for a new laptop. With 2 Bedrooms and 1 bath, and 850 square feet, how can you go wrong. The outside looks nice at least.


$4,400 - Pontiac Michigan
This one actually looks like it's not all that old or dilapidated. It's only 500 square feet, and has 2 BR's and 1 Bathroom, but for a price lower than that of a Really nice Plasma TV, how can you go wrong?


$4,900 - Flint Michigan
Located on 5317 Dupont Street, this home built in 1950 is 781 Square feet with 2 Bedrooms and one bath. Not a bad buy if you are a handyman. The outside seems old, but workable.


$6,500 - Flint Michigan
This home on 2621 Wisner Street, in the hurting town of Flint, is goign for a steal. Has 821 square feet of living area and 2 bedrooms. Built in 1956. More details can be found at: Cheap Home


$9,900 - Detroit Michigan
Is it me or does this actually look like a home that would sell in the $100k range in any other area. At 1500 square feet, this monster of a home seems like a sure steal. >>>More Info


$9,900 - Minneapolis Minn.
This 2 story home is an old one, but with with 3 Bedrooms, and 1100 square feet of living area in the heart of Minneapolis, this 109 year old (Built in 1900) home could be a gem if fixed up.


$10,000 - Lansing Michigan
This Home, built in 1906, on 1101 N Larch Street, could be a gem at $10k. It features 3 bedrooms, 2 baths, a full basement, and a 1.5 car garage. It is entirely brick, and judging from the pictures isn't in all that bad condition on the outside, at least.

Next Weeks Market News Makers - Unemployment to 9.2%

It's Friday again, so that means we look at what one can expect from the markets next week. This week has been pretty good overall. We saw today that the first quarter GDP decline was only 5.7% instead of the initially thought 6.1% decline. Experts also predict a much flatter decline for the 2nd quarter and finally an increase in GDP for Quarter 3. By the forth quarter, experts predict a 1.8% increase in GDP. So what on tap for next week? Here is the economic Calendar for the first week in June, 2009:

- Jun 1 8:30 AM Personal Income
- Jun 1 8:30 AM Personal Spending
- Jun 1 10:00 AM Construction Spending
- Jun 1 10:00 AM ISM Index
- Jun 2 10:00 AM Pending Home Sales
- Jun 2 2:00 PM Auto Sales
- Jun 2 2:00 PM Truck Sales
- Jun 3 8:15 AM ADP Employment Change
- Jun 3 10:00 AM Factory Orders
- Jun 3 10:00 AM ISM Services
- Jun 3 10:30 AM Crude Inventories
- Jun 3 10:35 AM Crude Inventories
- Jun 4 8:30 AM Initial Claims 05/30
- Jun 4 8:30 AM Productivity-Rev. Q1
- Jun 4 8:30 AM Unit Labor Costs Q1
- Jun 5 8:30 AM Average Workweek
- Jun 5 8:30 AM Hourly Earnings
- Jun 5 8:30 AM Nonfarm Payrolls
- Jun 5 8:30 AM Unemployment Rate
- Jun 5 2:00 PM Consumer Credit

The data that I will be looking at that I think could move the markets quite a bit are, the construction spending data, which could signal a turnaround in the housing market, as well as the Unemployment data. The Unemployment rate was at 8.9% at the end of April, and will likely increase to about 9.2% for the end of May. Consumer credit is also another big piece of info we will get by Friday, and should let us know in a bit more detail, just how backed up the credit markets are. Another thing to note are the forex markets in which the dollar has continued to fall this week, leading Gold and other commodities to have a nice run.

Recession over By 2nd Half of this Year

I know my blog is always pretty optimistic about the economy, so for those of you who are pessimists, you may want to skip this post. Anyway, In past entries I had predicted a bottom to the market when it hit 6400, I predicted that unemployment will begin decreasing in early 2010, and the recession would be over by the second half of this year. Well, it looks like some of the experts agree.

Recession over?
A panel of 45 of the nations leading economists, have predicted that the 2nd Quarter of this year, the one we are in now, will still see negative economic growth. However, the last 2 quarters of this year, June onward, will see positive growth from the United States economy. What does that mean? The recession's end is in sight. A full 75% of the economists polled felt the 3rd quarter of this year would see positive GDP growth. Don't get too excited though. The majority of economists polled felt that although growth will finally make it's presence, the rate of growth will be small, and well below the average growth rate of the US economy. The growth rate however will be at about average by the time 2010 rolls around.

Job Predictions
The Panel of economist's average forecasted unemployment rate by the end of 2009 is 9.8%. This is quite a high number, but in 18 months, by the end of 2010, this rate will have dropped to 9.3% and continue falling at a faster pace thereafter for several years. Unemployment is a lagging indicator, so it will usually turn around about 6 months after the general economy. This puts the turnaround somewhere around January or February of 2010.

The Real Estate Market.
Out of the 45 panelist polled, 33 thought that the housing market will bottom in the next month or 2. The negative news is that Home prices will remain at a depressed level for at east another couple years, most experts believe.

Overall however, the economy looks to be getting stronger. The doom and gloom predictions are dying out, and a more optimistic view, like mine are taking hold. How do we know people are becoming more optimistic? The consumer confidence indicator jumped 14 points in the last month.