Raleigh had the largest share of homes bought by companies that use technology to make instant offers on homes. Nearly 7% of homes sold in Raleigh in the third quarter of 2019 were bought by iBuyers, according to a new report from real-estate firm Redfin RDFN, -0.49%, a reflection of the city’s affordable housing market and tech-savvy population.
And some economists have argued that as iBuying gains steam, it could make certain real-estate economic indicators less reliable, clouding the picture of the housing market’s health. “iBuyers are concentrating their efforts in southern markets where both home sales and prices are poised for strong growth,” Redfin chief economist Daryl Fairweather said in the report. “We think that iBuyers are likely to accelerate home sales in these markets. Homeowners who may have been reluctant to sell because they didn’t want to deal with the hassle may be persuaded by the convenience of an iBuyer sale.
Disagree. It shows exactly what the houses are worth. Cut out all the middlemen. Bye bye leaches!
finally, amazon for houses
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Source: Reuters - 🏆 2. / 97 Read more »