Blog

“Looking for a cheap fixer-upper?  You might check the list of the 15 best cities for do-it-yourself housing bargains, published this week by RealtyTrac, the Irvine-based real estate data firm.  Shocker: No California cities made the list. The five best cities to find a bargain home are in the Rust Belt: Detroit, Chicago, Cleveland, St. Louis and Cincinnati. The rankings come from the number of bank-owned homes that were built before 1960 and are valued under $100,000. There are 3,773 such homes in Detroit, which is more than double Chicago’s inventory, which is ranked just below the Michigan city.”

Archived link: http://www.latimes.com/business/money/la-fi-mo-few-bargain-homes-in-california-20130607,0,7204188,full.story