iBuyer Acquisitions Drop 88% in Q2
Through the coronavirus pandemic, housing has been one of the few bright spots spearheading the economic recovery. Interest rates halted near 3% coupled with the population migration from urban cores...
View ArticleOrchard’s $69 Million Series C Brings a Refreshing Look to iBuyers
As the established iBuyers of the world have continued to amass headlines and media attention for the past several years, immensely more agile ‘start-up’ competitors have quietly made significant...
View ArticleHow Lumber Shortages Are Affecting Home Values
One of the latest industries disrupted by the coronavirus pandemic is the lumber industry. A segment that at face may not seem like a dire issue but the lumber shortage continues to be a dominant...
View ArticleSingle Family, Where Do We Go From Here?
The world was hit by an exogenous force that decimated economies and societies globally. The coronavirus proved to be the world’s most infectious and deadly disease humanity has faced since the...
View ArticleOfferpad is set to merge with SPAC in $3 billion deal
The company, which started out as an iBuyer – buying homes from sellers who signed up online – is going public with a SPAC merger. The transaction is expected to close in the second, or early third,...
View ArticleBoston’s First iBuyer: Redfin Now
Sellers in the Boston metro area can now request a cash offer directly from Redfin as the company launches RedfinNow. The platform is available to consumers in 23 markets in nine states and...
View ArticleiBuyers are recovering – Purchases back to pre-pandemic levels
The total purchases in Q1 2021 for major iBuyers, such as Zillow, Opnedoor, Redfin and Offerpad, are finally rising to the levels of the same period last year, after taking a hit during the pandemic,...
View ArticleOpendoor is expanding to Northern Colorado
The iBuyer announced three new markets across the United States for which it will provide home purchase operations, in Northern Colorado, the Boulder Valley and Colorado Springs, with a total of over...
View ArticleZillow Closes The Door on its iBuying Business
In the spring of 2018, Zillow launched its instant home buying segment of its business, Zillow Offers. The segment offered fair prices on homes and the ability to cut out the middle man by selling...
View ArticleThe Florida Real Estate Outlook for 2022
It’s still a seller’s market, low inventory is still causing elevated prices and bidding wars. What lies ahead? A lack of inventory is pervasive across the housing market statewide. “We got our hopes...
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