REAL ESTATE INVENTORY |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| REAL ESTATE INVENTORY | REAL ESTATE INVENTORY The following table presents the components of inventory, net of applicable inventory valuation adjustments of $20 million and $20 million, as of June 30, 2026 and December 31, 2025, respectively (in millions):
As of June 30, 2026, the Company was in contract to purchase 2,310 homes for an aggregate purchase price of $736 million. During the three and six months ended June 30, 2026, the Company recorded valuation adjustments for real estate inventory of $14 million and $23 million, respectively, in Cost of revenue in the condensed consolidated statements of operations. During the three and six months ended June 30, 2025, the Company recorded valuation adjustments for real estate inventory of $21 million and $34 million, respectively, in Cost of revenue in the condensed consolidated statements of operations.
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