Kansas City area provides ample opportunities for finding fixer-upper bargains

06/07/2013 3:50 PM

06/07/2013 3:50 PM

Rehab bargains

When it comes to buying and rehabbing homes, the Kansas City area provides ample opportunities, a new report says. The area was the 32nd best market in the country for finding fixer-upper bargains, according to data collected by RealtyTrak, a housing research firm.

RealtyTrak collected data nationwide on homes facing potential bank foreclosures that were built before 1960 with an estimated market value below $100,000. In the Kansas City area, 289 bank-owned homes fit this housing demographic, with an average value of $78,038.

The best markets for bank-owned rehabs? Detroit, Chicago, Cleveland, St. Louis and Cincinnati. St. Louis, for example, had 1,021 bank-owned homes built before 1960 with an average market value of $60,556.

Target’s new brand

Target is planning a new organic and natural store brand as it works to rev up its grocery business.

The big-box retailer said the new brand, Simply Balanced, will start Sunday with drinks and snacks such as corn chips. The line is an outgrowth of similar products within its existing Archer Farms store brand, which is positioned as a premium alternative to national name brands.

Used games on Xbox

Microsoft said its coming Xbox One gaming console will be able to play used games, clearing up a worry among gamers and video game retailers such as GameStop, which trade in used games.

That means video game discs that users buy will not be limited to one Xbox One device, and players can share or trade in the games they have bought for other used games, just as they have been able to do in the past.

Weight loss drug

Arena Pharmaceuticals said its weight loss drug Belviq will be available to U.S. patients beginning next week, nearly a year after the drug was officially approved by federal regulators.

The Food and Drug Administration approved Belviq last June for adults who are obese or overweight and have at least one serious medical condition, such as diabetes or high cholesterol.

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