Offerpad lands $600M more in credit to power iBuying

As Zillow tries to swiftly disentangle itself from iBuying, a one-time competitor may borrow over $600 million more to radically increase its instant home-buying purchases. Offerpad, a Chandler, Arizona-based iBuyer, snared $500 million in a revolving credit facility from an unnamed lender, according to a Dec. 20 Securities and Exchange

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Home affordability plummeted in fourth quarter

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. Per the report, between October to December 2021, median home prices in 440 of the 575 counties analyzed by the

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