There is at least one house for sale with a list price of $1 in 30 states.The Federal Reserve continues to raise interest rates, and each subsequent increase has an impact on mortgages. Purchasing a home can take months or years of saving and often requires a hefty downpayment. However, in some cases, a house can be bought for only $1.A Michigan home recently went viral after being listed for sale for $1 on Zillow, although the home needed some improvement. The description mentioned a hole in the floor and...
American homeowners already coping with extreme weather now face a new risk: disappearing property insurance. Private companies have increasingly reduced coverage, concluding that the risks—and potential losses—threatened by climate change outweigh probable profits. As of now, this primarily affects a handful of coastal U.S. states, including California. In other states, insurers have substantially increased the price of property insurance. More From Our Experts Investing in housing is how many Americans build wealth, with owner-occupied homes accounting for around a quarter of households’ net worth. But homes that carry high insurance...