You can buy a house in Flint for $14,000

CNN Money (03/04/2016)
  • Home prices in Flint, Michigan are 50% below what they were in 2005 with a median price of $14K.
  • The water crisis has reversed the recent recovery in Flint’s housing market; most buyers are only interested in homes with well pumps.
  • Buyers in Flint are primarily young couples, investors and first-time homebuyers.
  • Fannie has temporarily taken its foreclosed homes in Flint off the market to conduct water tests.