In my area ibuyers like Opendoor account for 30% of the home sales. That means they’re probably bidding on nearly every home. They are both driving up prices and reducing available inventory.

With that said i call bs on this story. A house sold for 180k in 2014 now is close to 1mil? Show me any example of a 5x increase in 8 years without massive renovations.

In my area ibuyers like Opendoor account for 30% of the home sales. That means they’re probably bidding on nearly every home. They are both driving up prices and reducing available inventory.