Opendoor and iBuying: What Investors Need to Know
There's a new trend among real estate technology companies called iBuying, which refers to the practice of buying homes directly from sellers and then selling them directly to buyers, hopefully for a profit. Big real estate players like Zillow (NASDAQ: Z)(NASDAQ: ZG) and Redfin (NASDAQ: RDFN) are rapidly growing their iBuying operations.
However, Opendoor Technologies (NASDAQ: OPEN) is the biggest company that is almost exclusively focused on iBuying. In this Fool Live video clip, recorded on April 12, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss Opendoor and the potential of iBuying.
Source Fool.com
