Of course, this is still a very small sector of the market. In September, iBuying accounted for about 1 percent of all home sales in the United States, although in certain metro areas the number ...

iBuying was feared to do to real estate agents what Expedia did to travel agents — render them extinct. So far, however, it’s the iBuyers that are facing extinction, one by one. First it was ...

While iBuying relies on algorithms to make an offer, there is a human element to the pricing process, too, said Brian Bair, Offerpad’s CEO and chairman. “The market will always change.

Wibbitz - Lifestyle All You Need To Know About iBuying Posted: August 14, 2024 | Last updated: August 14, 2024 All You Need To Know, About iBuying. Real estate analysts say it's safe to assume ...

Already, cracks are showing in the ibuying business model — still in its infancy — and industry experts aren’t sure how these new players are affecting the housing market more broadly.

The wind down of Zillow Group Inc.'s iBuying business announced last week has thrown new scrutiny onto the direct-homebuying business. The wind down of Zillow Group Inc.'s (NASDAQ: ZG) iBuying ...

Opendoor opened the door to the instant or iBuying way of buying and selling houses in 2014. The company was the first to use proprietary software that took the individual features of a home to ...

Zillow is backing out of the home-flipping business and will be winding down Zillow Offers. The company has listed hundreds of homes in key markets for less than it paid, our analysis found.

Investors fell in and out of love with online real-estate agents’ iBuying initiatives last year and the business briefly ground to a halt due to the pandemic. The recent rebound in their share ...

Shares are down more than 90% this year. Of the cuts, 264 are related to the shutdown of RedfinNow, the company’s iBuying business that aims to digitize and accelerate how people sell their home.

About 264 of the job cuts will be directly related to the shutdown of RedfinNow, the company’s instant buying, or iBuying, business in which it purchases a home as-is, completes minor ...