The current problem seems to be unique to Zillow. Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is chal… Continue reading
Zillow says it’s facing supply and labor constraints. But other iBuyers, who expressed surprise over Zillow’s abrupt pause, say they aren’t suffering from the same issues. Continue reading
A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading
In addition to three new Texas markets, the company operates in Seattle, Boston, Portland, the Bay Area and Southern California. Continue reading
Homesellers using Opendoor can now complete their interior home inspection through uploaded videos and photos, according to a company announcement on Tuesday. Continue reading
Marc King believes price appreciation will have to slow compared to what has happened over the past year. But he’s confident that real estate agents will survive today’s period of disruption. Continue reading
Raymond “RJ” Jones will spearhead both Keller Offers, the company’s iBuying program, and Keller Manage, a soon-to-launch program that’ll provide home maintenance services. Continue reading
The Arizona-based iBuyer took in $376.8 million in revenue during Q2 2021, and its net income grew to $9.2 million, giving the company its first profitable quarter. Continue reading
The iBuyer also experienced a loss of $144 million between April and June, and sold a total of 3,481 homes. Continue reading
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