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REAL ESTATE INVENTORY
 9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
REAL ESTATE INVENTORY REAL ESTATE INVENTORY
The following table presents the components of inventory, net of applicable inventory valuation adjustments of $36 million and $27 million, as of September 30, 2024 and December 31, 2023, respectively (in millions):
September 30,
2024		December 31,
2023
Work in progress$275 $640 
Finished goods:
Listed for sale1,416 882 
Under contract for sale454 253 
Total real estate inventory$2,145 $1,775 
As of September 30, 2024, the Company was in contract to purchase 1,006 homes for an aggregate purchase price of $332 million.
During the three and nine months ended September 30, 2024, the Company recorded inventory valuation adjustments for real estate inventory of $10 million and $51 million, respectively, in Cost of revenue in the condensed consolidated statements of operations. During the three and nine months ended September 30, 2023, the Company recorded inventory valuation adjustments for real estate inventory of $17 million and $54 million, respectively, in Cost of revenue in the condensed consolidated statements of operations.