
Is it possible to find a real bargain in the current housing market? Is it possible to win a bargain price by lottery? Realtors have always promoted homes priced ‘below market’, but a house will always sell for whatever the market is willing to pay. Affordable home programs that offer true below market home prices to low income families are not new, though such a program in Alameda is using a lottery where first-time home buyers will win the opportunity to buy a new home for as little as $150,000.

