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More Homebuyers Are Searching for This Kind of Home—Is It the Solution to High Housing Costs?
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Key Takeaways Homes marketed as "fixer-uppers" are being searched for more often and getting more views than similar homes not marketed as such, says Realtor.com.
In a housing market with high home prices and stubbornly high mortgage rates, some Americans are looking for any way possible to save money and start building home equity.
While those homes still spend longer on the market than a typical house around the same age and price, that gap is narrowing.
Homebuyers Are Eyeing Fixer UppersRealtor.com said that fixer-uppers typically sell for about half the price of the median single-family home in the U.S..
As of July of this year, the median home identified as a fixer-upper listed for $200,000, compared to the national median listing price of $436,250 for all single-family homes.