Institutional investors bought a fifth of iBuyer-sold homes in 2021

An analysis by Bloomberg News of over 100,000 property records shows that iBuyers Zillow, Opendoor and Offerpad sold approximately a fifth of the homes they sold in 2021 to institutional investors, who either flip the homes themselves or rent them out. This is another consequence of the rise and prevalence of iBuying – a streamlined access to homes standardized to sell for investors. As first-time and lower-income homebuyers already face many hurdles to homeownership, this is emerging as another one.