Items Tagged with 'home buying'

ARTICLES

  • First American: America's home buying power strengthens in February

    Real house price appreciation falls to slowest annual pace since December 2017
    In February, home prices declined 2.9% year over year, pushing consumer home buying power 2.4% higher than its 2018 levels. Notably, First American Chief Economist Mark Fleming said the first quarter of 2019 has been friendly to potential homebuyers, as declining mortgage rates, ongoing household income growth and moderating unadjusted home prices have boosted affordability.
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  • Can iBuyer platforms co-exist with Zillow?

    Execs from Opendoor, Offerpad and Knock weigh in at San Francisco's Lendit Fintech Conference
    Home trade-in platforms like Knock, Opendoor and Offerpad are seeking to bring a simpler home buying and selling process for homeowners. What does it mean for them now that Zillow is in their rearview mirrors and stepping on the gas?
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  • Are iBuyer competitors an "existential threat" to Zillow?

    Real estate strategist says instant offers are the new Zestimate
    The burgeoning iBuying industry is giving smaller companies a chance to challenge the housing market's behemoth, Zillow Group. That's according to a new report by Mike DelPrete, a real estate strategist who compared companies like Opendoor, which purchased more than 10,000 homes to renovate and sell in 2018, with Zillow, which bought fewer than 1,000.
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  • iBuyer Offerpad's latest funding round brings total capital raise to nearly $1 billion

    Arizona-based company lays major plans for growth
    Offerpad is on a mission to revolutionize the home-buying and selling process, and now the Arizona-based iBuyer has fistfuls of cash to realize that goal. The company recently announced that it closed a successful round of Series C financing, bringing the total amount of equity and debt capital it has raised since its launch 3.5 years ago to $975 million.
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  • Opendoor lands $300 million capital infusion

    The iBuyer is now valued at $3.8 billion
    Digital real estate disrupter Opendoor has landed yet another massive cash infusion, raising $300 million in a recent investment round and bringing its total equity capital to $1.3 billion. Now, the company – which aims to change the way Americans buy and sell homes by whittling the process down to a few simple online transactions – is valued at $3.8 billion.
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