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REAL ESTATE INVENTORY

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

REAL ESTATE INVENTORY

REAL ESTATE INVENTORY

The following table presents the components of inventory, net of applicable inventory valuation adjustments of $27 million and $459 million as of December 31, 2023 and 2022, respectively (in millions):

			December 31, 2023						December 31, 2022
Work-in-progress			$	640					$	891
Finished goods:
Listed for sale			882						2,788
Under contract for sale			253						781
Total real estate inventory			$	1,775					$	4,460

As of December 31, 2023, the Company was in contract to purchase 2,114 homes for an aggregate purchase price of $653 million.

During the years ended December 31, 2023, 2022, and 2021, the Company recorded inventory valuation adjustments for real estate inventory of $65 million, $737 million, and $56 million, respectively, in Cost of revenue in the consolidated statements of operations.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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