iBuying rebounds in Q1, up 20% from end of 2020

Housing Wire

iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6% The top quarter of iBuyer activity remains the third quarter of 2019 when, according to Redfin, 8,310 homes were bought via iBuyers.

iBuyer 265

Opendoor, Atlanta, and the future of iBuying

Housing Wire

Between April 2020 and the end of March this year, Opendoor , an iBuyer but also a residential brokerage, sold 1,613 homes listed on First Multiple Listings Service , the greater Atlanta region’s National Association of Realtors’ endorsed spot for home listings.

iBuyer 220
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

These iBuyers are coming to a market near you

Housing Wire

A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. RedfinNow , the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C.

iBuyer 250

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

iBuyer 292

Spencer Rascoff SPAC to take iBuyer Offerpad public

Housing Wire

Savor the irony: A blank-check company started by Spencer Rascoff is bringing an iBuyer, Offerpad, public. The deal will provide the iBuyer with “up to $650 million in gross cash proceeds,” per the release. Under Barton, Zillow has since pivoted hard to iBuying.

iBuyer 262

William Raveis ain’t no stinkin’ iBuyer

Housing Wire

But don’t confuse its new program with iBuying – they’re looking to solve the sell-before-you-buy dilemma in a different manner. The post William Raveis ain’t no stinkin’ iBuyer appeared first on HousingWire.

iBuyer 329

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.

iBuyer 266

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%

iBuyer 283

Huge number of homeowners willing to consider an iBuyer: Poll

Inman

Agent Brokerage Select Technology 1000watt brian boero ibuyer ibuying instant cash offer opendoor Zillow82 percent of homeowners in 1000watt survey said they either more likely to trust information from Zillow than from a real estate agent.

iBuyer 137

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.

iBuyer 214

After a pause, iBuyers are back in a big way: Mike DelPrete

Inman

For anyone concerned that the iBuyer model wouldn’t be popular in a seller’s market, the evidence shows that it is resonating with consumers more than ever, and market conditions are in fact fueling its growth.

iBuyer 130

Zestimate to double as Zillow’s iBuying offer

Housing Wire

The firm’s announcement is an intriguing turn, because it folds up two company priorities into one – boosting consumer faith in the Zestimate, and highlighting Zillow Offers , the company’s instant homebuying, or ibuying, platform.

iBuyer 245

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.

iBuyer 252

Inman Review: Can iBuyers get you leads? They can with Zoodealio

Inman

Zoodealio's features and offer comparison tools make every agent an iBuyer in the name of getting more listing business.

iBuyer 135

Zillow iBuying program brings real estate transactions in-house by licensing Zillow Homes employees

Housing Wire

The iBuyers are quickly becoming all-in-one-buyers. Customers in Atlanta, Phoenix and Tucson who sell their homes via the iBuying solution will work directly with licensed employees of Zillow Homes, its brokerage entity.

iBuyer 289

IBuyer offers are clocking in at an average of 104% of market value

Inman

Amid a highly competitive market in the first half of 2021, iBuyers began making more competitive offers and expanding the range of homes they were willing to purchase.

iBuyer 141

IBuyer purchases recover to pre-pandemic levels: DelPrete

Inman

The iBuyers are down but not out. Agent Analysis Columns Data Select ibuyer ibuyers ibuying mike delprete offerpad opendoor ZillowRecovery continues at pace, and the business model is undoubtedly here to stay, but not without its recovery challenges.

Toronto iBuyer raises $44M with help from Spencer Rascoff, Eric Wu

Inman

iBuyers like Opendoor and Zillow Offers. Brokerage News Brief Select Technology Anshul Ruparell Facebook ibuyer opendoor Properly softbank Wealthsimple ZillowProperly is a tech-based real estate brokerage in Canada with a model similar to U.S.

iBuyer 120

Zillow and Opendoor, be transparent about iBuyer profitability: DelPrete

Inman

Our industry needs to better understand the economic equation of iBuying. Analysis Columns Data Opinion Select ibuyers ibuying mike delprete opendoor transparency ZillowMike DelPrete’s request is simple: Have an honest, upfront conversation about profitability.

iBuyer 113

Competing with iBuyers just got a whole lot easier

Inman

So how can real estate professionals compete with iBuyers and put a new spin on generating motivated seller leads?

iBuyer 101

From iBuying to iRenting: Innovation in residential real estate

Inman

Enter REZI, a real estate technology company with the mission to adopt and transform iBuying into a new category: iRenting. Property Portfolio Sponsored apartment rentals From iBuying to iRenting: Innovation in residential real estate ibuyer irenter property managers rentals renters section

iBuyer 101

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.

iBuyer 131

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.

iBuyer 141

‘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

iBuyer 125

Spencer the iBuyer

BubbleInfo

ibuyer Realtor Why You Should List With JimSpence has gotten involved with Offerpad, joining the other disrupters who lead with lies and insults about traditional realtors. He said, “The real competition for Offerpad isn’t Zillow or Opendoor, it’s the fact that 99.5%

WATCH: ‘iBuyers are not the culprit’

Inman

Spencer Rascoff, former CEO of Zillow and now Co-founder & Executive Chairman of dot.LA, Pacaso, and Supernova, says iBuyers are not the culprit of the inventory shortage. Connect Now Connect Video brad inman ibuying inman events inman_events self-care SPACS spencer rascoff

iBuyer 103

IBuyer transactions return to near pre-pandemic levels

Inman

IBuyer purchases by Redfin, Zillow Offers, Opendoor, Offerpad and Bungalo rose 20% in the first quarter of 2021, but remained down year over year, according to new data. Brokerage Markets & Economy Select Technology Allister Booth bungalo ibuyer offerpad opendoor Redfin Zillow

iBuyer 106

Offerpad is a more profitable flavor of iBuying: Mike DelPrete

Inman

Offerpad's latest financials strongly suggest that a less venture-funded, less tech-enabled, more real-estate focused and less breakneck version of iBuying can be (almost) profitable. Agent Brokerage Markets & Economy Select Service ibuyers ibuying mike delprete offerpad opendoor Zillow

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.

iBuyer 159

What is an iBuyer? What to Know Before You Sell Your Home to One

Redfin

Should you hire a licensed real estate agent, sell your home without an agent , or work with an iBuyer? However, you may never have thought about an iBuyer before and probably have a variety of questions regarding what iBuyers are and how they work. What is an iBuyer?

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

iBuyer 129

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.

‘We’re turning every consumer into an iBuyer’: Ribbon CEO

Inman

Buyers Tools Connect Now Select Technology alternative financing Clelia Peters Homeward ibuyer inman events ribbon shaival shah tim heyl transaction facilitation tools

iBuyer 121

IBuyer Habi raises $100M

Inman

The deal marks the largest funding round raised by a female CEO in Latin America, Forbes reported. Investing News Brief Select Technology Uncategorized Brynne Rojas forbes Habi Sebastian Noguera Shu Nyatta softbank TechCrunch

IBuyers continue to see massive financial losses: DelPrete

Inman

Analysis Columns Data Mortgage & Alternative Financing Month Select Teams compass ibuyers mike delprete opendoor ZillowOpendoor’s record-low selling costs dropped from 3 percent to 2.1

iBuyer 138