Nobody Wants to Buy a Fixer-Upper Right Now

Wall Street Journal, June 27, 2023–Veronica Dagher (subscription)
Real estate agents say buyers right now seem in no mood to take on the additional costs and headaches of major renovation projects. There is no national data tracking how much quicker renovated homes sell than unrenovated ones, but there are signs of this change. It is one reason sellers are receiving an average of three offers now, compared with around six a year ago, according to the National Association of Realtors.