Job Growth
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1/14/2008
No.1 in selleing houses this year according to HomeVestors company
America's Top 10 Cities with Ugly Homes
Texas cities top list with the most homes in need of repair
12/13/2007
By Don Sniegowski / Blue MauMau
DALLAS (Blue MauMau) - Houston has taken the top honor of having the most ugly homes to invest in, according to HomeVestors. The chain of real estate franchises, famous for its "We Buy Ugly Houses" billboards, has named the top 10 markets that turned ugly real estate into more saleable assets in 2007.
Houston, Texas
Atlanta, Georgia
Dallas, Texas
St. Louis, Missouri
Phoenix, Arizona
Fort Worth, Texas
San Antonio, Texas
Minneapolis, Minnesota
Chicago, Illinois
Milwaukee, Wisconsin
HomeVestors, specializing in buying, rehabbing and selling single-family homes, based the findings on the number of houses bought in each market in 2007 by their 260 franchises in 35 states.
With 504 homes sold or rented in 2007, Houston had the most homely homes. The Texas metropolis was way ahead of second-place Atlanta with only 445 homely homes. But Texas took four of the top 10 cities on the list.
John Hayes, president and CEO of HomeVestors, says, "Like the saying goes, 'Everything's bigger in Texas.' And that's why the state dominates the ugly home market nationally. Texans are not conventional, we tend to live on the edge, and sometimes over the edge, more often than folks in other states. That results in ugly situations which create opportunities to buy houses. Fortunately, Texas has also maintained stability in a declining real estate market. It's a great place for buying rental properties!"
Erez/Rami | Dallas, TX