DataDigest: iBuyers slide farther from hyped market disruption
Housing Wire
NOVEMBER 8, 2023
Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. In November 2021, about four years after its first home sale, Zillow decided to close its iBuying division. Opendoor lost about $1.4 billion last year.
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