iBuyers
By Matthew Templeton Managing Principal KW Urban Dallas Why is there so much movement in the iBuyer world? First: What is an iBuyer? An iBuyer is an institutional or business-based investor that uses automated valuation models (using data and algorithms to estimate value and trends over time) to make offers on properties in the market…
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New data from Attom Data Solutions shows that one in 10 homes purchased by the two leading iBuyer programs — Opendoor and Offerpad — were purchased by institutional buyers. Those particular buyers were buying at least 10 homes at a time. In recent months, iBuyer programs have gathered a lot of attention and added to…
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Opendoor, Open Listings, open sesame to way more disruption in the real estate world. You know about the fast growing, fast-expanding home selling and buying company Opendoor. Launched in the Bay area in 2014, with Dallas as its second focus group city, OpenDoor has raised $645 million in equity financing, has $1.75 billion in debt,…
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So much information was jam-packed into last week’s National Association of Real Estate Editor’s Spring Conference. Bethany, Jon and I were all in attendance and working to bring you what we learned. Throughout this week, I’ll post what I thought were some of the most significant graphs. The biggest take-aways: disruption, i-buyers, availability, affordability, technology,…
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You know what we are talking about: new companies (called “Platforms”) like Opendoor and now OfferPad (co-founded by a former top producing realtor!) are being embraced by Wall Street as a way to “drive Americans to move more frequently, resulting in more home sales.” Stimulating interest in real estate. Glory be, sounds like the pre-crash days. Inman’s…
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