Online First Journal of Political Economy Online 25 Sep 2026Why Is Intermediating Houses So Difficult? Evidence from iBuyersGreg Buchak · Gregor Matvos · Tomasz Piskorski · Amit SeruThis paper examines frictions in dealer intermediation in durable consumer goods markets, using iBuyers — technology-driven real estate companies such as Opendoor and Offerpad — as a lens. The central …