Mike's Stories

Offerpad is a more profitable flavor of iBuying: Mike DelPrete
Offerpad's latest financials strongly suggest that a less venture-funded, less tech-enabled, more real estate-focused, and less breakneck version of iBuying can be (almost) profitable
Jun 10
Opinion
Zillow's uphill battle to attach mortgages: Mike DelPrete
Zillow's experience shows that adding ancillary services is a long, slow road that requires big investment, patience, and a smart, consumer-first approach
May 26
Zillow vs. realtor.com: Mike DelPrete on their battle
Despite all of the activity of the major portals, the monetization ratio has remained constant
May 11
What Zillow's results reveal about its momentum toward Zillow 2.0
The various pieces of adjacent services are being built, but they still need to be assembled in a credible way that reinvents the transaction at a meaningful scale
May 7
Opinion
CoStar unlikely to dethrone Zillow in portal wars: DelPrete
Attempting to directly compete with market-leading real estate portals is an incredibly difficult proposition — with success unlikely
Apr 29
IBuyer purchases recover to pre-pandemic levels: DelPrete
The business model is undoubtedly here to stay, but not without its recovery challenges
Apr 21
Opinion
Compass, Redfin, and eXp are America’s next top brokerage models: DelPrete
A deeper look at their rapid rise reveals a trio of insightful growth stories — which may very well shape the future of America’s real estate landscape
Apr 7
Opinion
How much are iBuyers paying for customer acquisition?
Customer acquisition costs for major iBuyers is roughly similar at $3,000-$4,000, which is about 2-4X more than Redfin
Mar 24