Jan 9, 2022
Forbes Investigative Report: Wall Street profits on Zillow’s woes by gobbling up starter homes. Zillow's iBuyer program came to an end last year which resulted in the company selling most of their inventory to large investors.
A recent report shows they are not the only iBuyer program selling inventory to large investors. Both Opendoor and Offerpad are as well.
About 20 percent of homes flipped by iBuyers were purchased by investors and other entities. Metro areas were impacted the most. The downside to this trend is it reduced potential inventory for homebuyers.
Will the trend continue? 🤔
Naples Golf Guy | Matt Klinowski
Living the Golf Life, Matt
239.370.0892
Learn more...
#realestaterends#real estate trends#realestatemarket#real estate market#ibuyer#ibuyers#homebuyers#home buyers#realestateinvestors#real estate investors#realestatenews#real estate news#investmentproperty#investment property advisors#housingmarket#housing market#housinginventory#housing inventory#realestateexpert#real estate expert#realtor#naplesrealtor#naples realtor#experiencematters#experience matters#mattklinowski#matt klinowski#naplesgolfguy#naples golf guy