IBuyers are paying above market — and reselling for more: Mike DelPrete

Home prices are rising across the U.S., and iBuyers, led by Opendoor, Zillow and Offerpad, are paying record-high, above market values for the homes they’re buying, but they’re also reselling them for more money than ever before. Continue reading

Zillow rakes in $1.3B revenue in second quarter, but sees profits slip

The company’s net income between April and June clocked in at $10 million — better than one year ago but short of the heights of the past two quarters. Continue reading

RedfinNow becomes first major iBuyer to launch in Chicago

The expansion follows RedfinNow’s recent moves into other northeastern markets, including Baltimore, Washington, D.C., and Boston. Continue reading

Vacation rental giant Vacasa to go public with $4.5B valuation

The rental management giant is merging with TPG Pace Solutions in a bid to go public via a special purpose acquisition company, or SPAC. Continue reading

IBuyer offers are clocking in at an average of 104% of market value

Amid a highly competitive market in the first half of 2021, iBuyers began making more competitive offers and expanding the range of homes they were willing to purchase. Continue reading

Matterport finishes first day of trading slightly down

The 3D imaging company’s shares debuted Friday at about $14.42 and ended the day around $14.20. The firm went public via a merger with a special acquisition company. Continue reading

‘This is the silver bullet to win a bidding war’

At William Raveis, we make sure our agents have the right levers and resources to position their clients with the strongest offer that best reflects what the seller wants. Continue reading

Inman Review: Can iBuyers get you leads? They can with Zoodealio

Zoodealio’s features and offer comparison tools make every agent an iBuyer in the name of getting more listing business. Continue reading