iBuying

iBuyers Beat Projections but Earnings Reports are a Mixed Bag for Opendoor and Offerpad

February 25th, 2022
Two of iBuying’s most prominent players, Opendoor and Offerpad, exceeded expectations by reporting impressive revenue growth in their respective earnings reports. However, while the companies were able to capitalize on the demise of Zillow Offers, an uptick in net losses...

iBuying Is Making Real Estate Agents More Essential, Not Less

February 28th, 2022
Even before the pandemic, homebuyers and sellers were experimenting with a new, online model of real estate—instant buying, or “iBuying.” However, do-it-yourself home-buying and selling can be overwhelming because buyers and sellers are inundated with information without knowing what to...

zavvie Releases 2022 Seller Preferences Report

February 28th, 2022
iBuyers registered a breakout year in 2021, by increasing revenue fivefold year-over-year according to a new report from zavvie. Market conditions from October through December, along with record-low inventory, presented a challenge for iBuyers, whose value proposition is speed, certainty...

What’s Next for Large-Scale iBuying Companies?

March 4th, 2022
Regardless of how you feel about iBuyers, they’ve shown that the business model has legs in residential real estate. That said, as the real estate market shifts, some experts and industry observers have pondered what the future holds for the...

Helen Adams Realty Offers New Help for Clients, Including iBuying

March 9th, 2022
With record-low-housing inventory fueling homes selling at breakneck speed and often above the initial listing price, Charlotte, North Carolina homeowners who are ready to sell are discovering new ways to maximize their profit. The sellers’ market also makes it difficult...

Wall Street Sinks Its Teeth Into Housing

April 1st, 2022
Often seen as existential threats to the industry—or even to the whole current model of home buying and selling—Big Tech and Wall Street are now involved more than ever in residential real estate, from algorithmic-based iBuyers to venture capital-backed brokerage...

Zillow’s Pivot Not a Sign of an iBuying Collapse

October 21st, 2021
The innovative practice of iBuying, at least on the surface, seems like a tremendous shift—a new, growing force with the potential to rock the real estate industry in myriad ways. Pundits, observers and brokers have regularly shared predictions as to...

Exploring eXp: Splits, Caps, Commissions and Everything You Wanted to Know About the Virtual Brokerage

April 7th, 2022
Maybe it is the company’s sleek, 21st century branding and focus on virtual rather than physical space. Maybe it is a recent meteoric rise (from 1,000 agents in March of 2016 to 70,000 at the end of last year). Maybe...

Industry Reacts, iBuyers Stay the Course Following Zillow Pullback

November 3rd, 2021
In a move that shocked many but perhaps not a complete surprise, Zillow announced late yesterday afternoon that it was laying off a quarter of its staff and ending its venture into iBuying.  This came after a “pause” the company...

Report Shows a Waning Number of Home Sellers Turning to iBuying in Q1 2022

June 13th, 2022
While iBuyers have kept the wheels turning in the first three months of 2022, headwinds in the housing market appear to be straining prominent players’ in other aspects of their businesses. That’s evident as recent Zillow data show that fewer...
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