Fortune: Bubbly Housing Markets and iBuyer Trends

Fortune featured Parcl Labs' data in an article on iBuyers' risks during market downturns in inflated pandemic housing markets, highlighting Phoenix as a case study. Despite price cuts, iBuyers struggle to sell off approximately $1 billion in Phoenix inventory. Parcl Labs' co-founder, Jason Lewris, pointed out that iBuyers' sales accounted for almost 10% of all Phoenix sales in September 2022. He anticipates further price reductions to stimulate demand, cautioning that continued aggressive pricing could precipitate a market crash in Phoenix.

Read full analysis in Fortune