>Lost thousands of dollars There are plenty of markets that averaged monthly price increases in that order of magnitude. My city, as an example, is up 71% ove

>Lost thousands of dollars There are plenty of markets that averaged monthly price increases in that order of magnitude. My city, as an example, is up 71% over 5 years. So a 300k house became a 510k one over 60 months. An average of 3.5k per month. Couple of those years saw 20% growth. It's been well known that this was the only thing keeping the iBuyers alive. They weren't great at pricing but it didn't really matter much. If they were off 5%, well wait 3 months and now you're right. It also matches the anecdotal data. Plenty of people reported getting offers from Opendoor for more than what agents were telling them they could sell for. Obviously these people sold to Opendoor while those that got lowballed declined. If you only count the latter and ignore the overpayments then yes obviously it looks like Opendoor was consistently low balling people.