This Week’s Topic: iBuyer Loss, Your Gain
Redfin just announced they are shutting down their iBuyer program - Redfin Now. In addition, they cut 13% of their workforce. iBuyer firms are performing horribly in this changing market. Zillow's program stopped in 2021 with $500 million in losses, Opendoor recently announced almost a billion dollars in losses in the 3rd quarter alone. Offerpad just showed a loss of $80 million in the 3rd quarter. Darren and Joe discuss why the iBuying sector's bad performance is good news for buyers and sellers.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

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