Offerpad

2 Posts

Algorithm as Real Estate Agent: Algorithmic Buyers Purchased 1 percent of U.S. Homes in 2021
Offerpad

Algorithm as Real Estate Agent: Algorithmic Buyers Purchased 1 percent of U.S. Homes in 2021

House sales priced by algorithms account for a small but growing portion of the real estate market. Companies that use algorithmic pricing models to buy and sell houses purchased roughly double the volume of transactions in two years. However, these deals may not benefit typical home buyers.

April 20, 20222 min read
Algorithm as Real Estate Agent: Algorithmic Buyers Purchased 1 percent of U.S. Homes in 2021
Offerpad

Algorithm as Real Estate Agent: Algorithmic Buyers Purchased 1 percent of U.S. Homes in 2021

House sales priced by algorithms account for a small but growing portion of the real estate market. Companies that use algorithmic pricing models to buy and sell houses purchased roughly double the volume of transactions in two years. However, these deals may not benefit typical home buyers.

April 20, 20222 min read

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