Are iBuyer competitors an "existential threat" to Zillow?
Zillow Group | April 08, 2019
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. The term iBuyer stands for “instant buyer,” meaning companies that make cash offers for homes.