Real estate disruptors got disrupted by COVID-19

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By Marketplace. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

The biggest instant homebuyers — Opendoor, Zillow, Offerpad and Redfin — stopped making purchases in March, in some cases backing out of deals and forfeiting their deposits. Now, some iBuyers are coming back, but they’ll need to prove the model can survive a downturn. Marketplace’s Amy Scott speaks with Mike DelPrete, who watches iBuying closely. He’s a scholar-in-residence at the Leeds School of Business at the University of Colorado Boulder.

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