6,000-plus Florida homes on sale for under $50,000

The collapse in home prices has left plenty of bargains, but South
Florida has now reached a new level of affordability, with more than
6,000 Florida homes for sale for less than $50,000. Roughly 6,000
condominium units, townhouses and single-family homes are priced for sale at
$50,000 or less across South Florida, according to a recent report from
Condo Vultures. Broward County has the most homes at these prices in
South Florida, with 2,400. In 2005, there were just 18 sales closing at
less than $50,000. [Palm
Beach Post]

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