DALLAS–(BUSINESS WIRE)–HomeVestors®’ 1,150 independently owned and operated We Buy Ugly Houses® franchises purchased almost 10,000 houses in 2020, generating sales of more than $1.6 billion. While the total number of houses was about 14 percent less than anticipated due to the pandemic, overall, franchises’ average sale price for houses was over ten percent more than the previous year’s average sale price.
“We never stopped buying houses, and nobody knew what the impact on real estate would be in March. But, a funny thing happened—March and April were some of our best-selling months,” said David Hicks, CEO of HomeVestors. “Franchises were quickly listing properties to avoid them not selling in the case of a…
