Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131 percent, to 840 homes, in the second quarter of 2023 and expects positive adjusted earnings by year’s end.
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The numbers continue to move in the right direction for struggling iBuyer Offerpad, which trimmed losses and boosted the number of homes acquired during the second quarter after selling off nearly all of the older homes in its inventory.