CoreLogic reports that iBuyer (or Instant Buyer) transactions doubled in 2021 compared to pre-pandemic levels.
As its recent analysis showed, investor purchases accounted for about a quarter (26%) of all home purchases in Q3 2021, up from 16% seen in 2019.
iBuyers use technology to buy and resell homes quickly. When selling a home to an iBuyer, the seller gets a cash offer for the home "as is" and avoids the uncertainty of knowing when and if their home will sell and if repairs are needed.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
