Resales of properties bought by iBuyers surged to a record high in the first quarter, according to Zillow Research, but their acquisition of homes declined, similar to the rest of the purchase marketThe leading iBuyers Opendoor, Offerpad and Zillow Offers resold 26,537 homes in the first three months of the year. Those sales set a record for a third consecutive quarter, with volumes increasing by 24% from 21,332 in Q4 and 10,738 three months earlier. Other data in the first-quarter iBuyer repo...
Resales of properties bought by iBuyers surged to a record high in the first quarter, according to Zillow Research, but their acquisition of homes declined, similar to the rest of the purchase marketThe leading iBuyers Opendoor, Offerpad and Zillow Offers resold 26,537 homes in the first three months of the year. Those sales set a record for a third consecutive quarter, with volumes increasing by 24% from 21,332 in Q4 and 10,738 three months earlier. Other data in the first-quarter iBuyer repo...
