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Fortune
Fortune
Alena Botros

Housing market ‘desperation’ drives the rise of teardowns

A construction worker frames a house. (Credit: Justin Sullivan/Getty Images)

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. 

But the rise of teardowns isn't just because of old-fashioned bathrooms.

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