Zillow and Opendoor are eCommerce companies?
Interesting analysis on the changing perception of iBuying.
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Where Real Estate Gets Its Dirt.
Interesting analysis on the changing perception of iBuying.
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Hmmm, everybody wants to be Amazon in real estate, although still not an apt comparison. Bottom line, still a niche market even into the future. Of course if you making a profit, even a niche market is good.
But there is a lot of road between and there. I remember the grand pronouncements some were making of a more than 50% market share. In the case Opendoor’s CEO, I remember him in some interview saying someday virtually all real estate sales would be iBuyer transactions. Still get a good chuckle from both of those predictions.