WATCH: Mike DelPrete on the end of the 'sustained unprofitability' era
'Cash is king,' the real estate analyst argued during his opening address at Inman Connect Las Vegas. His point was that losing money has turned from an advantage to a liability
by Jim Dalrymple II Aug 11
Zillow and Opendoor's partnership: 'A match made in lead-gen heaven'
Opinion
The former rivals are now bedfellows in a new partnership that seeks to use the power of Zillow's platform to feed Opendoor's sales funnel
by Mike DelPrete Aug 10
They’re gunning for your commissions: 7 reasons not to despair
Despite all of the platforms and tech companies coming for real estate agent commissions, transactions hinge on the expertise of Realtors
by Bernice Ross Aug 10
WATCH: Mike DelPrete on how agents are the real 1-stop shop
On stage at Inman Connect Las Vegas, DelPrete argued that most consumers don't need or want to navigate yet another dashboard or website. In many cases, they just want their agent
by Jim Dalrymple II Aug 9
In earnings twist, most real estate companies avoided the worst in Q2
Despite a quickly slowing market in the second quarter, many of the dozen or more real estate companies that posted earnings last week managed to turn a profit and stave off ruin
by Jim Dalrymple II Aug 8
Industry warned to prepare for $40B hit on commissions
Buyer's agents, and the ecosystem of companies that provide services to them, would bear the brunt of legal challenges to the traditional commission structure, Brian Boero said at Inman Connect
by Matt Carter Aug 5
DelPrete: Opendoor is 'playing the long game', should survive downturn
Despite a softening market and a recent FTC fine, Mike DelPrete described Opendoor as well-managed and in possession of enough cash to thrive for years to come, at Inman Connect
by Jim Dalrymple II Aug 4
Everyone is coming after agent commissions, DelPrete tells ICLV
During a session Wednesday at Inman Connect Las Vegas, real estate tech expert Mike DelPrete said staking out a piece of the agent commission pool is baked into newer business models
FTC fines Opendoor $62M for allegedly 'tricking' consumers
Regulators with the Federal Trade Commission on Monday accused the iBuyer of 'cheating' and 'tricking' consumers. Opendoor disagrees with the allegations but has agreed to settle the case
by Jim Dalrymple II Aug 2
Opendoor hires 'seasoned executive' as new chief legal officer
Sydney Schaub most recently worked at cryptocurrency exchange Gemini as chief legal officer and joins Opendoor at a pivotal moment in the company's history
by Jim Dalrymple II Jul 28
Mike DelPrete: In cooling market, agents are in for a 'dogfight'
Real estate tech expert Mike DelPrete will share what companies are doing to emerge victorious amid uncertainty at Inman Connect Las Vegas next month
by Andrea V. Brambila Jul 12
Zillow vs. Opendoor: Who's doing it better right now?
Opinion
Opendoor made over 2M offers to curious homeowners in 2021, exponentially more than ever before. This highlights the growing potential of Opendoor's 'top of the funnel' customer appeal — which is beginning to rival Zillow
by Mike DelPrete Jun 30
Opendoor's buy-to-list premium drops dramatically: Mike DelPrete
Opinion
The heady days of record home price appreciation — the most significant driver of iBuyer profitability — appear to be coming to a close (for now)
by Mike DelPrete Jun 21
What's giving eXp the edge right now? Mike DelPrete
Opinion
As the market makes profitability more difficult to attain, cost control measures will become ever more important for brokerage companies
by Mike DelPrete Jun 17
The brokerage slowdown has begun: Mike DelPrete
Opinion
The market is softening and it's reflected in quarterly declines. Fewer transactions mean less brokerage revenue
by Mike DelPrete Jun 7