House Buyers of America Reports 203% One-Year Revenue Growth

Growth achieved despite housing market slowdown

CHANTILLY, Va.--(BUSINESS WIRE)--House Buyers of America (“House Buyers”) is the leading high-tech home buying company that is reinventing the industry with its direct, no 'middle-man' approach that charges no commissions or fees. Today, House Buyers announced that it has hit a new record of growth. April 2023 grew exponentially year-over-year with revenue posting a 203% increase, gross margin growing 135%, and sales (units sold) posting a 130% increase.

Year-to-date (January through April 2023 vs. 2022), units sold were up by 29%, revenue by 45%, and the gross margin is 26%.

Key growth drivers include House Buyers’ position as a superior, well-established operation backed by a sustained investment in its technology and team. House Buyers has continued to build on its expertise to disrupt the ‘traditional’ real estate market in the Washington, D.C., Maryland, Virginia, and Pennsylvania regions. The company also continues to distinguish itself from newer market entrants that may not have the knowledge, expertise, technology, or operational efficiency that House Buyers has skillfully honed over its 22 years in business.

Expertise and industry leadership enables House Buyers to consistently achieve top outcomes for their customers with an easy, hassle-free process to quickly sell their homes, in as-is condition, and to deliver affordable inventory that fills the void in the market. House Buyers delivers with the ability to close on a property as soon as seven (7) days.

"Over the last year, despite the continued rise in inflation and interest rates, our high-tech and high-touch model has proven once again to be the key driver of our success and differentiation in the market. We look forward to continuing to be the one constant solution for customers regardless of market shifts with our top-notch customer service, expert local market knowledge, laser-sharp technology, and well-established systems including deep knowledge of the construction business,” said Nick Ron, CEO of House Buyers of America.

ABOUT HOUSE BUYERS OF AMERICA

House Buyers of America (“House Buyers”) is a high-tech home buying company headquartered in Chantilly, Virginia. As one of the leading cash home buyers, House Buyers buy homes in Washington, D.C., Baltimore, Norfolk, Richmond, and Philadelphia. For more information, please visit www.housebuyersofamerica.com.

Contacts

Lana Sansur
RMR & Associates Inc.
(301) 230-0045 x 440
lsansur@rmr.com

First published on Tue, May 30, 2023

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House Buyers Of America Real Estate High-tech Home Buying

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