Instant buyers, also known as iBuyers, rapidly buy and sell homes using automated models to set prices. These companies, such as Opendoor and Offerpad, can turn around cash offers in a matter of hours, and they’ve captured more than 5% of the real estate market in some U.S. cities. Instant buyers, also known as iBuyers, rapidly buy and sell homes using automated models to set prices. These companies, such as Opendoor and Offerpad, can turn around cash offers in a matter of hours, and they’ve captured more than 5% of the real estate market in some U.S. cities. Social Sciences Economics & Business Phys.org – latest science and technology news stories
How iBuyers are changing real estate racial disparities and individual homeownership rates in one major city
