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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

According to our latest zavvie Seller Preferences Report, iBuyers rebounded last year, increasing business fivefold year-over-year during an historic seller’s market. ” iBuyers registered a breakout year in 2021. Collectively, iBuyers purchased more than 71,000 homes in 2021, about a 1.3% national marketshare.

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zavvie Reveals new iBuyer and Power Buyer Report

RIS Media

Despite one of the most robust seller markets in real estate on record, with homes selling “faster than you ever thought possible,” iBuyers registered a breakout year in 2021, increasing business fivefold year-over-year according to a new report from zavvie. “Yet iBuyers had a breakout year,” he added.

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Zavvie Releases Seller Preferences Report

RIS Media

Released recently zavvie, the report also details that iBuyers are back. And in Q2 2021, iBuyer purchases rocketed to nearly double their Q1 2021 total. – iBuyer purchases by Opendoor, Zillow Offers, Offerpad and Redfin Now, on average came in at 104.1% iBuyer service fees dropped in Q2 2021 to 5.1% versus 7.2%

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zavvie Releases 2022 Seller Preferences Report

RIS Media

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 and convenience to home sellers.

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How To Buy and Sell a Home at the Same Time—in Today’s Haywire, High-Interest Rate Housing Market

Realtor.com

Yet any homebuyer out there today will also face steep mortgage interest rates, which have more than doubled over the past year to the 7% range. Most sellers who move would need to get a new mortgage, at a higher rate. Can I handle the possibility of two mortgage payments—and if so, for how long? ® Chief Economist Danielle Hale.

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