According to a recent joint report by the National Association of Home Builders and Wells Fargo, there are more than 70 percent of U.S. homes are inexpensive, with Indianapolis being the most inexpensive major metro housing market in the country for the last four years.

“The HOI [Housing Opportunity Index] showed that 70.8 percent of all new and existing homes sold in the final quarter of 2009 were affordable to families earning the national median income of $64,000, slightly higher than the previous quarter and near the record-high 72.5 percent set during the first quarter of 2009, according to a press statement from the National Association of Home Builders.”

The yearly record…

Want to buy a bungalow in one Detroit suburb? A buck is all it takes.

That is what Taylor officials are asking for a two-storey Arts and Crafts-style home that was built in 1926, which features four bedrooms and two bathrooms.

The city officials say the buyer of the 2,110-square-foot fixer must move it from its current location no later than May 31, because it sits on property they’d like to add to a nearby park.

The Detroit News indicates the city that is about 15 miles southwest of Detroit bought the home for $76,415 after it went into foreclosure last year.

Officials estimate moving the home will cost at least $20,000.

If there is…