{"id":16987,"date":"2020-09-12T07:02:24","date_gmt":"2020-09-12T14:02:24","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=16987"},"modified":"2020-09-12T07:02:24","modified_gmt":"2020-09-12T14:02:24","slug":"overnight-news-take-that-doubters-all-ibuyers-ever-needed-to-succeed-was-a-pandemic-rioting-and-a-buyer-feeding-frenzy-totally-sustainable","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16987\/overnight-news-take-that-doubters-all-ibuyers-ever-needed-to-succeed-was-a-pandemic-rioting-and-a-buyer-feeding-frenzy-totally-sustainable\/","title":{"rendered":"Overnight News: Take that, doubters! All #iBuyers ever needed to succeed was a pandemic, rioting and a buyer feeding-frenzy! Totally sustainable!"},"content":{"rendered":"<p><div id=\"attachment_16586\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16586\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" class=\"size-medium wp-image-16586\" srcset=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg 300w, https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage.jpg 320w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-16586\" class=\"wp-caption-text\">\u201cYa think it\u2019s easy?\u201d<\/p><\/div><strong>Redfin:<\/strong> Everything about the iBuyers is funny, especially their Special Olympics approach to self-congratulation. Whose listings sell last and worst? But who is delighted to have had a national feeding frenzy to clear their overpriced inventories? <a href=\"https:\/\/www.redfin.com\/blog\/ibuyer-real-estate-q2-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%.<\/a><\/p>\n<p><strong>Forbes:<\/strong> Bubbles happen how? <a href=\"https:\/\/www.forbes.com\/sites\/amydobson\/2020\/09\/11\/mortgage-interest-rates-reach-another-lowest-rate-on-record-leading-to-increases-in-amount-buyers-willing-to-borrow\/#4dfd3df72c20\" target=\"_blank\" rel=\"noopener noreferrer\">Mortgage Interest Rates Reach Another Record Low, Making Buyers Willing To Borrow More.<\/a><\/p>\n<p><strong>Redfin:<\/strong> <a href=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16982\/now-look-at-this-chart-and-tell-me-where-the-riots-are\/\" rel=\"noopener noreferrer\" target=\"_blank\">We noted this yesterday:<\/a> Who can spot the riots in recent closings? Who can anticipate the looming disaster of all the other listings, unreported here, that did not close? <a href=\"https:\/\/www.redfin.com\/blog\/home-prices-up-13-percent\/\" target=\"_blank\" rel=\"noopener noreferrer\">Home Prices Up 13%, Biggest Increase Since 2013.<\/a><\/p>\n<p><strong>CNBC:<\/strong> Commercial real estate community comes back from Summer vaycay to find its assets incinerated. <a href=\"https:\/\/www.cnbc.com\/2020\/09\/11\/rxr-realty-ceo-scott-rechler-to-mayor-bill-de-blasio-on-city-clean-up.html\" target=\"_blank\" rel=\"noopener noreferrer\">Real estate CEO: NYC mayor must make streets safer, cleaner so people will want to return.<\/a><\/p>\n<p><strong>HousingWire:<\/strong> <a href=\"https:\/\/www.housingwire.com\/articles\/nar-31-of-realtors-say-they-feel-unsafe-at-open-houses\/\" target=\"_blank\" rel=\"noopener noreferrer\">NAR: 31% of Realtors say they feel unsafe at open houses.<\/a><\/p>\n<p><strong>Reason:<\/strong> Who knew? <a href=\"https:\/\/reason.com\/2020\/09\/11\/there-is-no-defense-for-looting\/\" target=\"_blank\" rel=\"noopener noreferrer\">There Is No Defense for Looting.<\/a><\/p>\n<p><strong>PJ Media:<\/strong> <a href=\"https:\/\/pjmedia.com\/news-and-politics\/tyler-o-neil\/2020\/09\/11\/weather-underground-terrorist-bill-ayers-suggests-the-civil-war-has-already-begun-n917703\" target=\"_blank\" rel=\"noopener noreferrer\">Weather Underground Terrorist Bill Ayers Suggests the Civil War Has Already Begun.<\/a><\/p>\n<p>And because the reincarnation of every sixties wraith is not quite 2020 enough:<\/p>\n<p><strong>BizPacReview:<\/strong> <a href=\"https:\/\/www.bizpacreview.com\/2020\/09\/11\/killer-mosquito-clouds-rise-from-swamp-descend-on-louisiana-livestock-and-drain-their-blood-970940\" target=\"_blank\" rel=\"noopener noreferrer\">Killer mosquito clouds rise from swamp, descend on Louisiana livestock and drain their blood.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cYa think it\u2019s easy?\u201dRedfin: Everything about the iBuyers is funny, especially their Special Olympics approach to self-congratulation. Whose listings sell last and worst? But who is delighted to have had a national feeding frenzy to clear their overpriced inventories? iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[212,29,6,5,19],"tags":[],"class_list":{"0":"post-16987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-flourishing","7":"category-group-therapy","8":"category-marketing","9":"category-real-estate","10":"category-technology","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":18457,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18457\/overnight-news-if-the-ibuyer-idea-is-any-good-whats-the-rush-to-go-public\/","url_meta":{"origin":16987,"position":0},"title":"Overnight News: If the iBuyer idea is any good, what\u2019s the rush to go\u00a0public?","author":"Greg Swann","date":"September 7, 2021","format":false,"excerpt":"As a matter of news, OfferPad went public last week \u2013 meaning none of the iBuyers are now backed by wide-awake entrepreneurs, just pie-eyed punters. The \"offering\" was done by Wall Street chicanery to avoid even the casual due diligence white-shoe investors normally do. But, of course, no due diligence\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17336,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17336\/the-ibuyers-are-super-good-at-mulcting-buyers-agents-with-science-thats-why-they-cant-price\/","url_meta":{"origin":16987,"position":1},"title":"The #iBuyers are super good at mulcting buyer\u2019s agents with science. That\u2019s why they\u00a0can\u2019t\u00a0price.","author":"Greg Swann","date":"October 20, 2020","format":false,"excerpt":"Mike DelPrete is worth reading, so long as you understand that, like The Inglorious Knob, he is one with The Borg. Just lately I mentioned that the iBuyers in Phoenix are nicking buyer's agents for commission \u2013 which is just the kind of dick move you expect from financially-inept sociopaths.\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/10\/aidan-bartos-v9rZ3Yz6fSg-unsplash-1-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17816,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17816\/overnight-news-if-an-ibuyer-talks-you-into-taking-a-lowball-offer-in-the-midst-of-a-market-frenzy-how-sued-should-they-be\/","url_meta":{"origin":16987,"position":2},"title":"Overnight News: If an #iBuyer talks you into taking a lowball offer in the midst of a market frenzy, how sued should they\u00a0be?","author":"Greg Swann","date":"February 5, 2021","format":false,"excerpt":"The world I live in is routinely selling at around 5% over market: If a house lists at or above its current Fair Market Value, when it closes it will turn out to have sold for ~105% of FMV. That's bidding wars, and it's less the agents' skills than the\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16839,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16839\/the-money-making-secret-to-real-estate-socialize-the-risks-to-the-seller-the-ibuyers-are-just-now-catching-that-clue-ineptly-as-always\/","url_meta":{"origin":16987,"position":3},"title":"The money-making secret to real estate? Socialize the risks to the seller. The #iBuyers are just now catching that clue \u2013 ineptly, as\u00a0always.","author":"Greg Swann","date":"August 31, 2020","format":false,"excerpt":"This has been a slow-rolling epiphany on the part of the iBuyers. I've snarked about it here and there, but that's all, so far. I wrote a ton about iBuying last Summer, but by now it all seems quite a bit less urgent. There are a lot more of them\u2026","rel":"","context":"In &quot;iBuyers&quot;","block_context":{"text":"iBuyers","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ibuyers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/tierra-mallorca-rgJ1J8SDEAY-unsplash-480x360.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18596,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18596\/overnight-news-dunning-kruger-real-estate-when-you-dont-have-a-need-we-dont-have-a-clue\/","url_meta":{"origin":16987,"position":4},"title":"Overnight News: Dunning-Kruger Real Estate: \u201cWhen you don\u2019t have a need, we don\u2019t have a\u00a0clue!\u201d","author":"Greg Swann","date":"November 13, 2021","format":false,"excerpt":"I am enduringly annoyed by the iBuyers. You may have noticed. The most significant factor in Zillow's ignominious retreat from iBuying is that it was entirely a Dunning-Kruger exercise: Rich Barton and his devoted team of seven-figure eggheads actively and persistently refused to learn anything about real estate brokerage. All\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":16574,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16574\/ibuyers-and-me-you-need-a-realtor-like-you-need-an-undertaker\/","url_meta":{"origin":16987,"position":5},"title":"#iBuyers and me: You need a Realtor like you need an undertaker!","author":"Greg Swann","date":"December 2, 2019","format":false,"excerpt":"Pardon my absence. More work means less time to write about it. I\u2019ve been writing a ton about #iBuyers, actually, but I\u2019ve been doing it from iBuyerSpy.com. I encourage you to pursue my work there, and I vow to share some of it back here, as well. Here\u2019s a sample\u2026","rel":"","context":"In &quot;Real Estate&quot;","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/16987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=16987"}],"version-history":[{"count":5,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/16987\/revisions"}],"predecessor-version":[{"id":16992,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/16987\/revisions\/16992"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=16987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=16987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=16987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}