Investors are stepping up their scrutiny of Opendoor Technologies Inc. and Offerpad Solutions Inc., the two biggest players left in the iBuying industry after Zillow Group Inc. pulled the plug on this business.
IBuyers purchase homes from consumers who are looking to sell quickly and conveniently, using algorithms to help determine what price to pay. After renovations, they place the homes back on the market.
Source: https://www.wsj.com/articles/zillows-home-flipping-demise-puts-other-ibuyers-on-the-spot-11636462800