Recent Articles by Mike DelPrete

The problem with real estate chatbots: Consumer value

The problem with real estate chatbots: Consumer value

Bots are being positioned as a valuable tool for real estate agents. But bots face a problem of value asymmetry: What’s good for a real estate agent is not necessarily good for the consumer ......
By Mike DelPrete | Friday, February 10, 2017
Expanded metal How property portals are expanding offerings across the value chain

How property portals are expanding offerings across the value chain

Big property portals around the world have built their businesses off of advertising. Much like the classified sections in the newspapers they replaced, portals like Zillow Group in the U.S. and Rightmove in the U.K. offer the most prominent way to a...
By Mike DelPrete | Wednesday, February 8, 2017
3 key insights from a global property portal analysis

3 key insights from a global property portal analysis

I'm big fan of data and an even bigger fan of data visualizations. I track a lot of data on the major property portals around the world. Today, we're going to look at three key insights from that analysis ......
By Mike DelPrete | Wednesday, February 1, 2017
Why Zillow Group is not quite a global leader — yet

Why Zillow Group is not quite a global leader — yet

Many Americans, myself included, tend to think that the U.S. is the leader when it comes to online businesses. With established tech giants like Google and Microsoft and emerging players like Uber and Airbnb, we can’t be blamed for thinking the U.S...
By Mike DelPrete | Tuesday, January 17, 2017
A woman wearing virtual reality goggles 3 problems crippling virtual reality’s take-off in real estate

3 problems crippling virtual reality’s take-off in real estate

Everyone talks about the product, but there are three fundamental business issues with 3-D and virtual reality in real estate that no one is talking about.......
By Mike DelPrete | Tuesday, January 10, 2017
Real estate disruption is coming, and it looks a lot like Purplebricks

Real estate disruption is coming, and it looks a lot like Purplebricks

Several months ago, an article was published on Realestatebusiness.com.au titled, “Disruption is coming but it ain’t Purplebricks.” The headline and the article prompted me to respond, because U.K. fixed-fee agency Purplebricks is absolutely th...
By Mike DelPrete | Wednesday, January 4, 2017
A series of light bulbs on a warm gradient background How the world’s top real estate portals think about innovation

How the world’s top real estate portals think about innovation

Innovation is a tricky, vital component for every firm, and the world’s largest real estate portals are no exception. I thought a lot about innovation during my four-year tenure as head of strategy at New Zealand’s leading property portal, Trade ...
By Mike DelPrete | Thursday, December 29, 2016
A woman's hand opening a door Inside Opendoor: What 2 years of transactions tell us

Inside Opendoor: What 2 years of transactions tell us

Raising $210 million is enough to get any business into the news. That’s especially true when the business in question is Opendoor, the two-year-old real estate startup that aims to bring simplicity to the housing market by purchasing homes directl...
By Mike DelPrete | Thursday, December 15, 2016
3 models changing how houses are bought and sold

3 models changing how houses are bought and sold

Generally, people buy and sell houses the same today as they did 100 years ago. Aside from property portals such as Rightmove, Realestate.com.au and Zillow, the industry hasn’t meaningfully shifted online. Real estate agents are front and center in...
By Mike DelPrete | Friday, November 11, 2016
howard hanna How major property portals think about mergers and acquisitions

How major property portals think about mergers and acquisitions

How do large residential real estate portals around the world think about investments and acquisitions? What types of companies do they look to acquire and how do they incorporate them? As the head of strategy at New Zealand’s leading property port...
By Mike DelPrete | Thursday, September 22, 2016