Keyword: housing bubble
Detroit homes sell for $1 amid mortgage and car industry crisis
Fallen leaves blow past an empty home in Detroit. (Rebecca Cook/Reuters, 2010)
Houses on sale for a few dollars are something of an urban legend in the US on the back of the mortgage crisis that drove millions of people from their homes. But in Detroit it is no myth.
One in five houses now stand empty in the city that launched the automobile age, forged America's middle-class and blessed the world with Motown.