As home-buying demand cools from the record pace of 2021, competition is now hottest for the lowest-priced homes as mounting affordability obstacles stretch buyers' budgets, a new Zillow® analysis finds.
Zillow's embattled iBuying segment is almost a memory, at least according to its second-quarter financial report.
Real estate technology companies Opendoor Technologies (NASDAQ: OPEN) and Zillow Group (NASDAQ: ZG) recently made headlines when they announced a multi-year partnership to work together. The two companies were former rivals in the iBuying space before Zillow pulled out of the race late last year. Wall Street seems skeptical of Opendoor's business, judging by the share price.