Posts by antoniogarcia:
Single Family, Where Do We Go From Here?
Posted on: 02 Dec 2020
The world was hit by an exogenous force that decimated economies and societies globally. The coronavirus proved to be the world’s most infectious and deadly disease humanity has faced since the Spanish Flu of 1918. Detected in China in late 2019, the virus originated from bats making the jump to humans at one of Wuhan’s […]
How Lumber Shortages Are Affecting Home Values
Posted on: 03 Nov 2020
One of the latest industries disrupted by the coronavirus pandemic is the lumber industry. A segment that at face may not seem like a dire issue but the lumber shortage continues to be a dominant issue facing the construction industry, and spills over into the residential real estate industry at large. Affecting at-scale single-family acquirers […]
Orchard’s $69 Million Series C Brings a Refreshing Look to iBuyers
Posted on: 19 Oct 2020
As the established iBuyers of the world have continued to amass headlines and media attention for the past several years, immensely more agile ‘start-up’ competitors have quietly made significant moves, of which cannot go unnoticed. The small yet mighty Orchard recently raised a $69 million Series C to expand the growth of their platform, as […]
iBuyer Acquisitions Drop 88% in Q2
Posted on: 06 Oct 2020
Through the coronavirus pandemic, housing has been one of the few bright spots spearheading the economic recovery. Interest rates halted near 3% coupled with the population migration from urban cores to suburban outskirts as residents look for more space has lead to mortgage applications (indicative of housing demand) reaching all-time highs. Despite home values’ resiliency, […]
Zillow Offers Extends iBuying to Jacksonville
Posted on: 29 Sep 2020
While the coronavirus pandemic has left behind carnage in many real estate sectors, the single-family industry has proved to be resilient. As a result, Zillow has continued to expand and has launched its iBuying solution for homeowners (Zillow Offers) in Jacksonville, Florida on September 9th. Jacksonville is now the 25th market in the United States […]
Why Opendoor’s Well-Timed IPO Will Lead to Market Dominance
Posted on: 28 Sep 2020
Similar to how the 2009 recession brought about the inception of many of the behemoth iBuyer companies we have today (due to a plethora of distressed single-family assets resulted from the carnage of the financial crisis), the COVID induced economic downturn has once again incentivized big moves from iBuyers. Last week, we woke up to […]