From the “not sure what to make of this” department: HomeVestors, parent company of the “We Buy Ugly Houses” people (if you don’t live under a rock, you’ve probably seen their billboards), put out a press release today ranking their top 10 markets for real estate investing in the recently-ended third quarter.
St. Louis ranked 7th.
What that means is that HomeVestors franchisees purchased more “ugly” homes in St. Louis than in all but six other markets: Dallas, Houston, Fort Worth, Atlanta, San Antonio and Denver. That’s a lot of ugly houses. But, hey, at least someone’s buying them.
The company, which pays cash, closes fast and offers itself as an easy way out for troubled homeowners, sees more busy times ahead.
“This continues to be an ugly year for real estate,” said chief executive John Hayes.
