by RealtyBizNews | Nov 4, 2021 | home price forecasting, iBuying, Real Estate News
Zillow has announced that it’s existing the iBuying business for good – just a couple of weeks after saying it was temporarily pausing its operations until the end of the year. The company revealed Tuesday it’s shutting up the Zillow Offers business for good, citing...
by RealtyBizNews | Nov 24, 2020 | Home Buying, iBuyers, iBuying, market share, Real Estate News
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....
by RealtyBizNews | Oct 12, 2020 | FTC investigation, iBuying, Opendoor, Real Estate News
iBuying company Opendoor is under investigation by the Federal Trade Commission over its advertising practices and the way it presents its real estate offerings to consumers. HousingWire reported last week that the FTC’s investigation was revealed by Opendoor’s S-4...
by RealtyBizNews | Sep 18, 2020 | iBuying, merger, Opendoor, public company, Real Estate News
iBuying company Opendoor is going public. It’s planning to merge with Social Capital Hedosophia Holdings Corp. II in a deal that will see it become a public company, with a value of $4.8 billion. Opendoor is going public via a special purpose acquisition company,...
by RealtyBizNews | Sep 16, 2020 | Featured News, iBuyers, iBuying, Real Estate News, Redfin analysis
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. iBuying giants including Opendoor and...
by RealtyBizNews | Jun 28, 2020 | Home Buying, iBuying, Keller Offers, Keller Williams, Real Estate News
Keller Williams iBuying business Keller Offers says it no longer has an exclusive agreement with Offerpad, and will start adding funding partners to its instant offers program for home sellers. The company said it wants to give homeowners more options, providing them...