iBuyer purchase volume sank 82% YoY in Q3

Housing Wire

iBuyer purchase volumes were significantly lower during the third quarter this year than they were pre-pandemic, according to zavvie ‘s inaugural Seller Preference Report. In Q3, iBuyer purchases dropped 82% year over year.

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How many homes did iBuyers purchase in Q2?

Housing Wire

The second quarter was a tough one on iBuyers, as only 0.1% of the homes sold across 418 metros — only 880 homes total — were purchased by top iBuyers Redfin , Zillow , Opendoor and Offerpad , according to a report by Redfin. iBuyers there acquired 0.8%

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Offerpad expands iBuying in Central Florida

Housing Wire

Lucie, Florida, as the first iBuyer in the region. This is the sixth Florida market where the company is now live since it began iBuying in Florida in 2015, operating in Citrus Ridge, Fort Pierce, Port St. iBuyers Real Estate Featured Florida iBuyer expansion OfferPad Port St.

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iBuyers: Did COVID-19 disrupt the disruptors?

Housing Wire

Since the iBuying industry launched in 2014, billions of dollars have poured into companies created to disrupt the real estate industry and transform the way consumers buy and sell houses. The post iBuyers: Did COVID-19 disrupt the disruptors? iBuyers Real Estate HWplus

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RedfinNow expands iBuying to Sacramento, California

Housing Wire

Redfin’ s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVID-19. Last month, RedfinNow expanded to Palm Springs, California , its first new market since resuming iBuying in early May.

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Opendoor resumes iBuying in all of its markets

Housing Wire

The iBuyer first paused its acquisitions in March as a result of COVID-19, and has since relaunched in Phoenix , Raleigh-Durham, Dallas-Fort Worth, Atlanta, Charlotte, Nashville and Tucson. The post Opendoor resumes iBuying in all of its markets appeared first on HousingWire.

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iBuyer revenues slump amid high market demand

Realty Biz

iBuying companies are experiencing a slump in sales during a time when many thought the opposite might happen, as they provide a contactless way to sell a home. When the COVID-19 pandemic emerged last spring, most iBuyers, which buy and resell homes electronically, halted their businesses.

Many Sellers Favor ‘Buyer Match’ to iBuyers

RIS Media

Over the past few years, consumers have been reading headlines about iBuyers, investors or home flippers that offer a convenient way to sell your home without the headache of listing and then negotiating for the highest possible sale price.

Opendoor and Zillow are losing tens of thousands on each iBuyer home: DelPrete

Inman

Agent Analysis Columns Data Opinion Select Teams ibuyer ibuyers ibuying mike delprete opendoor ZillowDisruption in real estate is being led by companies — and shareholders — willing to bet and lose billions of dollars.

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DelPrete: iBuyer market share plummets, slow recovery ahead

Inman

Like many businesses, iBuyers took a significant hit during the pandemic. Home purchases dropped 90 percent as the major iBuyers paused their operations, and as they come back to life, the iBuyers are rebounding cautiously and slowly, suggesting a long road to pre-pandemic levels.

‘I’m not afraid of iBuyers’

Inman

Agent Sponsored 'I'm not afraid of iBuyers' advertising agent customer experience digital Home Swap HomeSwap ibuyers knock marketing real estate sphere

Offers from iBuyers are getting weaker: zavvie report

Inman

Total iBuyer purchases plummeted 82 percent year over year in Q3, according to the report. Industry News Select Technology bridge loan Home Swap ibuyer knock lane hornung offerpad opendoor Redfin zavvie Zillow

iBuyers struggle as housing market booms

Realty Biz

iBuying companies are seeing less business amid a booming real estate market, with homes selling in record time frames and at ever-growing prices. Many iBuyers paused their business operations in March amid fears the COVID-19 pandemic would stifle the housing market.

Money Supply, Asset Bubble & iBuyers, Part 2: The Mortgage Play

Notorious ROB

The post Money Supply, Asset Bubble & iBuyers, Part 2: The Mortgage Play appeared first on NotoriousROB. Futurism for Fun and Profit iBuyerThis content is behind fabulous velvet ropes for Notorious VIP Subscribers only. Please login or sign up. Thank you!

IBuyer market share set to drop by half in 2020: DelPrete

Inman

From a transaction volume standpoint, the pandemic of 2020 was not kind to iBuyers. Overall volumes and market share are set to drop by 50 percent compared to 2019, a reflection of the iBuyer business model coming to a complete standstill followed by a slow recovery.

What’s the future of iBuyers in light of COVID-19?

Inman

Although no one knows exactly what the future holds for real estate, things seem particularly uncertain for iBuyers. Agent Brokerage Markets & Economy Opinion Select Service bidding war Coronavirus ibuyers iBuyers during COVID-19 Luke Babich offerpad opendoor Redfin seller's market Zillo

Zillow to hire agents as employees for iBuyer transactions

Inman

Zillow is set to hire real estate agents to represent it in buying and selling homes, a marked shift from the way the company has managed transactions since launching its iBuyer, Zillow Offers, in April 2018.

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iBuyers to Offer Broader Services

Real Trends

iBuyers want to capture more business volume. Here’s how they hope to do it. REAL Trends Newsletter Trends

iBuyers bounce back as COVID-19 continues

Realty Biz

The so-called iBuying industry is facing its biggest challenge yet in the face of the COVID-19 pandemic, and it has responded by purchasing fewer homes than it has done in the last three years, according to research by Redfin. As a result, iBuyers are making more competitive offers.”.

Money Supply, Asset Bubble & iBuyers, Part 1: Lessons from the North

Notorious ROB

The post Money Supply, Asset Bubble & iBuyers, Part 1: Lessons from the North appeared first on NotoriousROB. Futurism for Fun and Profit housing market iBuyer Opendoor Playing Economist Politics & Regulation Zillow

John L. Scott Real Estate launches zavvie-powered iBuyer in Portland

Inman

Scott Real Estate, a brokerage with over 110 offices and 3,000 brokers across four states, has teamed up with end-to-end iBuyer platform zavvie to create their new iBuyer platform, Instant Purchase Plus+. John L.

The quiet iBuyer war on real estate commissions: DelPrete

Inman

But it turns out that the biggest threat to the traditional structure might be iBuyers, which have been waging a silent, systematic war on buyer's agent commissions. Agent Analysis Data Select Teams ibuyers mike delprete offerpad opendoor Zillow

Opendoor resumes iBuying in all pre-pandemic markets

Inman

In the latest sign that real estate has roared back to life amid the coronavirus pandemic, iBuying giant Opendoor announced Tuesday that it's resuming operations in 14 markets, putting it back in action in all 21 of its pre-pandemic markets.

Highly rated iBuyer offer aggregator rebrands and gets even better

Inman

Marketing News Brief Opinion Select Technology Flip or Flop Atlanta hgtv ibuyers listing agents Net Sheets OfferBarn property marketing PropTech real estate technology technology reviews WyzeGydeAtlanta-based OfferBarn is now WyzeGyde.

Why iBuyers and Zestimates belong in your CMAs 

Inman

Love them or hate them, Zestimates and iBuyers are part of what your clients are seeing on the regular, maybe even stalking. Agent Columns Opinion Select Service Teams ibuyers jay thompson zestimate

iBuyer purchases dropped 88% in Q2 as pandemic raged

Inman

Industry News Select Technology ibuyer offerpad opendoor Redfin RedfinNow ZillowRedfinNow, Offerpad, Opendoor and Zillow only bought 880 homes in the second quarter of 2020, according to a study by Redfin released Friday.

How the pandemic inspired a selling technique that rivals iBuyers

Inman

Agent Select Coaching dubl greg hague ibuyers offerpad opendoor real estate mavericks theme-month-202008 video home tours Zillow OffersGreg Hague, the founder of Real Estate Mavericks, shares how his formula offers sellers convenience, a higher price and a higher degree of safety.

iBuying transactions fall by half as traditional home sales accelerate

Realty Biz

Home sales might be up during the COVID-19 pandemic, but iBuying companies are still suffering from a lack of activity. Indeed, it’s looking likely that the market share of iBuying activity will be around 50% less than what it was in 2019, according to one analyst.

John L. Scott Real Estate Launches iBuyer Program in Portland Market

RIS Media

Instant Purchase Plus+ provides sellers all-cash offers through iBuyer companies that are currently purchasing homes in their market. Scott footprint as iBuyer companies enter those markets. Scott Real Estate Launches iBuyer Program in Portland Market appeared first on RISMedia.

IBuyers, neo-brokers and elite agent platforms are changing everything

Inman

MLS & Associations Select APIs Clelia Peters cmls commission model compass Council of MLSs elite agent platforms FlyHomes homie ibuyers independent contractors institutional investors neo-brokers offerpad opendoor Orchard reali Redfin rentals side Zillow homes

Pre-pandemic inventory lifts Zillow’s iBuyer as company rides ‘tailwinds’

Inman

Analysis Industry News Markets & Economy Select Allen Parker Coronavirus coronavirus pandemic COVID-19 earnings ibuyer ibuying pandemic Premier Agent real estate rich barton wall street Zillow

iBuyer vs. REX for Your Home Sale

REX Homes

An instant offer, or iBuyer, is a company or an individual that invests in… Selling Your Home ibuyers sell a home

A Waking of the iBuying Elephant

GeekEstate

[Note from the editor: We publish a Weekly Transmission for the GEM membership that consists of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. A Waking of the iBuying Elephant.

Should You Be Afraid Of iBuyers?

Agent Fire

iBuyers have become a disrupting force in the real estate industry. What's the future of iBuyers? Should You Be Afraid Of iBuyers? But are they poised to make real estate agents irrelevant? Find out in today's article.

How iBuyers Are Digitizing (and Fast-Tracking) Home Sales

HomeLight

An iBuyer — also known as an instant buyer — is a tech-enabled company that handles the purchasing of properties online, often sight-unseen. And in recent years, a growing number of time-crunched homeowners are turning to iBuyers as an antidote to the typical selling headaches.