How IBuyers are Changing Real Estate Racial Disparities and Individual Homeownership Rates in One Major City
July 26, 2024
July 26, 2024
SEATTLE, Washington, July 26 (TNSres) -- The University of Washington issued the following news release:
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.
Since new tech often replicates or exacerbates existing societal biases, University of . . .
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.
Since new tech often replicates or exacerbates existing societal biases, University of . . .