‘Cheap Old Houses’ Instagram feed fueling new real estate trend

U.S. & World

(NBC News) — Now that remote work is more common a growing number of Americans are having second thoughts about where they live.

Some are even finding cheap old houses on social media and paying as little as $10,000 for historic fixer-uppers in far-off places.

Betsy Sweeny’s new dream home in West Virginia didn’t break the bank.

“The purchase price of my home was $18,500,” she says.

She found the listing on the “Cheap Old Houses” Instagram feed featuring homes under $100,000.
 
“I never expected we would have 1.2 million followers,” says Elizabeth Finkelstein, founder of the “Cheap Old Houses” account and the Circa website, which also focuses on similar real estate.
 
A following that’s been growing since the start of the pandemic, especially from remote-working millennials.
 
“They’re more likely to take the kind of risk move across the country and buy a house based on Instagram, which by the way many people have done,” Finkelstein says.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending on NBC4i.com

Today's Central OH Forecast

More Forecast

Don't Miss

Alexa

Storm Team 4 on Alexa

W3Schools