Zillow Has Internalized Their iBuyer Sales
Channel: Noel Christopher
Date: 2020-12-31

Zillow internalizing their iBuyer sales operations was no surprise to anyone. Margins are thin so this only makes sense.

I have seen a lot of real estate agents post online that they are still performing services for Zillow iBuyer. The big difference is now they are just a vendor.

I'm seeing this with builders in the single-family rental space as well. They are starting to just hold the homes as long-term rentals. It just makes sense.

Some more thoughts on risk. SFR, like all real estate, is very risky. I have had a lot of people push back around this.

With the market so hot yields have been compressed. We are seeing it all over the country. This creates less room for error.

What do you think?

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