In a sign of what may be to come, the real estate brokerage Redfin has halted iBuyer activity and canceled open houses across the country, as have numerous other Realtors in an effort to promote social distancing suggested by public health officials.
Redfin’s president and CEO addressed some of the company’s decisions in a blog post. The company announced the suspension of its iBuyer activities in a SEC filing.
Read on for more details.