What’s the latest on the iBuyer landscape? How will it impact real estate agents’ bottom line? Listen in as strategic and real estate tech adviser, Mike DelPrete lays out the current iBuying scene at Inman Connect New York. 

Last year was a massive year for iBuyers in the U.S. Great strides were made, many companies were acquired or merged, and both newcomers and established businesses threw their hats into the ring.

For example, did you know:

  • IBuyers have a 0.2 percent market share in the entire U.S.
  • In Phoenix (the iBuying hotbed), iBuyers have a 5 percent market share
  • Opendoor alone has a 3 percent market share in Phoenix

Not to mention the various traditional brokerages making iBuying a part of their business and Zillow entering the game in 2018.

So, what’s the latest on the iBuyer landscape? How will it impact real estate agents’ bottom line?

Listen in as strategic and real estate tech adviser, Mike DelPrete lays out the current iBuying scene at Inman Connect New York.

Watch the full conversation above on Inman Select.

Email Inman

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We've updated our terms of use.Read them here×