Welcome back to Episode 2 of CFI Deeper Dive! Today we talk about #iBuying, and how this new technology is changing the way people buy and sell homes. In recent news, Anywhere Real Estate company announced a recent way of layoffs, alongside the company's decision to end its iBuying business, RealSure. Adding to the list of companies that have also voiced their decisions to step away, such as Zillow and Redfin. (Source: https://lnkd.in/gipSeSBq)

Quick recap 🧐
• iBuying stands for “instant buying” and refers to the process of using technology to quickly and efficiently purchase homes (no intermediaries needed)
• The predatory nature of the business model may have contributed to rising house prices
• iBuyers can create securities backed by the real estate assets it holds, and then sell these securities to investors, resulting in new sources of funding

If you’re interested in learning more about the securitization process and its role in the world of finance, make sure to check out our course called Securitized Products (Part 1) https://loom.ly/CBYohp8

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