Housing market ‘desperation’ drives the rise of teardowns in New Jersey

Econ & Housing

Instead of renovating the pink bathroom from the 1980s and hunter green kitchen of the 1990s, people are knocking down homes and starting from scratch, Curtis Counts, a New Jersey-based real estate sales associate with eXp Realty, tells Fortune. Think of it as causal buyer teardowns, a sort of do-it-yourself house flipper, if you will. …

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