After pandemic pause, iBuyers bounce back
After pandemic pause, iBuyers bounce back
By Jeff Ostrowski | Bankrate.com
Defying predictions that the iBuying concept wouldn’t work in an intense seller’s market, this new breed of homebuyers has ramped up property acquisitions to record levels.
“iBuyers,” short for “instant buyers,” mostly stopped buying homes in mid-2020 as COVID-19 injected uncertainty into the housing market. Now, iBuyers have come back strong. They’re wooing home…