A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Mortgage Tech Demo Day

Tune in to our live Virtual Demo Day on February 2nd to experience demos from the most innovative loan origination and valuation tech companies in the industry.

If consumers aren’t holding lenders back, then who or what is?

The challenge for lenders and investors is understanding how to meet borrowers where they are without layering on risk or getting bogged down in third-party intermediation.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

Real Estate

How real estate agents are using iBuyers to grow their business

Leveraging their expertise to empower consumers

Phoenix skyline

If you want a front-row seat to the ways iBuyers can disrupt a real estate market, Phoenix provides a pretty good case study. Both Opendoor and OfferPad chose the Phoenix MSA to launch their iBuying business, and Zillow Offers jumped in soon after. Phoenix now has at least 17 different companies offering cash to homeowners, all attracted to the homogeneous nature of Phoenix’s housing stock.

In 2019, iBuyers were responsible for 5% to 6% of the total number of houses sold in Phoenix — about 1,000 houses a month. But in some areas, the percentage was much higher. In the Pecan Creek neighborhood, for example, iBuyers purchased 13.7% of the homes for sale last year.

But Phoenix was just the start.

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