Wasn’t the market supposed to crash when interest rates rose?
Rates are now at 4.5%.
People are paying $625/month more for a $500k mortgage than they were a year ago.
So why aren’t homes taking longer to sell? Why aren’t prices coming down?
More people need homes in America than at any point in our history.
This person sold their home to an ibuyer, in this case Offerpad, for $755,000. It never went on the market.
Offerpad then put it on market a few weeks later and sold it for another $112,000 without putting a dime into it other than a professional cleaning.
If you’re wondering how much your home is worth, an ibuyer, or anyone else who is looking to flip it is probably not your best option.
