You probably know that the real estate market is going through some things. The rise in interest rates is giving potential homeowners less bang for their bucks, and recessionary fears are keeping them from making hasty big-ticket purchases.

This doesn't mean that there aren't opportunities out there for investors. You just need to be patient if you're hoping to score a fair price on a fixer-upper that won't become a money pit.

Is Zillow (NASDAQ: ZG) (NASDAQ: Z) a fixer-upper? In some ways, it's been completely renovated.

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Source Fool.com