Overnight News: Big-budget iBuyers manage to suck even worse – even in the easiest real estate market ever.

There’s iBuyer news today – half truth, half lies – but, as usual, the big news is missing: The big-budget iBuyers are by-now swarmed by many, many mini-iBuyers. Hardly anyone knows how to build a magnetic website, but lots and lots of people know how to flip houses.

Here’s more fun: By setting a floor price on many bread-and-butter homes, Zillow is graciously telling flippers how to flip to it: Guaranteed dough in 14 days – or fewer. And, or course, they’re also giving good listers a sweet pitch: “We know the iBuyers will pay the Zestimate. Let’s see how much better we can do on the open market.”

The iBuyers will be truly frolicked when the market turns, but they are frolicking easy to FUD right now: Two words: Shop around.

Yesterday on BloodhoundBlog:

Brian Brady: Young People Are Moving To Red States.

In other news:

Mike DelPrete: Massive iBuyer Financial Losses Continue.

Redfin: iBuyer Market Continues Slow Recovery, With Decline In Home Purchases Narrowing to 48% In the Fourth Quarter.

Housing Wire: Mortgage rates continue to rise to 3.05%.

CNBC: Covid changed how we think of offices. Now companies want them to work as hard as they do.

American Rifleman: February Sees 79 Percent Increase in Sales Over 2020.

The Federalist: The Real COVID Nursing Home Scandal Is Why Cuomo And Other Democrats Did It.

The American Mind: Out of His Census.

Christopher Rufo: Revenge of the Gods: California’s proposed ethnic studies curriculum urges students to chant to the Aztec deity of human sacrifice.

Michael Anton: The Weather Underground’s Lasting Victory.

City Journal: Can Republicans Capitalize on Urban Political Opportunity? A lifelong Democrat suggests how the GOP can become viable in American cities.