Amid Heavy Financial Losses, iBuyers Bought 70,000 Homes in 2021

HousingWire, Mar. 2, 2022–Brooklee Han
So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books.
https://www.housingwire.com/articles/amid-heavy-financial-losses-ibuyers-bought-70000-homes-in-2021/