Huge funding rounds for Opendoor and Offerpad show how expensive Zillow’s bet on home sales could be
GEEKWIRE
Buying and selling hundreds or even thousands of homes at the same time gets pretty expensive — just ask Opendoor and Offerpad. The two real estate companies are leaders in the increasingly competitive “iBuyer” market, and they’ve both raised gobs of cash to buy and sell more houses, up their product offerings and expand to more markets. Both announced blockbuster nine-figure funding rounds in just the past week. These huge raises come as Seattle real estate heavyweight Zillow embarks on a…