Purplebricks’ H1 2020 financial results highlight a business whose growth has clearly plateaued and reached maturity in the U.K. However, the company appears to have reached peak efficiency, putting a ceiling on its future growth prospects. Continue reading
Zillow’s drive to dominance in the greater New York City real estate market — via rental listings on StreetEasy and its hyperlocal Hamptons portal Out East — reveals the path to market power of real estate portals around the world. Continue reading
Being the place where consumers go to start their property search, even with alternate options, often yields more effective results. Take a closer look at the numbers from Mike DelPrete’s homeselling experience here. Continue reading
To fulfill their strategies and build a viable business that makes money, iBuyers will need to operate walled gardens under their control. Continue reading
The best practice — and the most transparent — is talking about equity as equity, debt as debt, and not inflating the headline number by combining the two. Continue reading
Zillow’s entry was in part a response to an existential threat to its business model, and much of the value it might derive is not from buying and selling houses at all, but rather by generating valuable seller leads. Which begs the question: How serio… Continue reading
With no iBuyer strategy, yet many options, realtor.com is falling further behind in delivering value to both consumers and agents. Here’s why. Continue reading
In real estate, optimizing the commission split and generating revenue by selling mortgages is what brokerages have been doing for years. But investors didn’t pump over $1 billion of venture capital in Compass to build a basic brokerage. So, what is Co… Continue reading
Is Compass worth $4.4 billion, and is it being valued as a traditional brokerage or a technology company? Mike DelPrete takes a look at the company’s valuation, revenue, transaction volume, agent count and profitability. Continue reading
The company often refers to itself as a tech company and a tech-enabled brokerage, which is part of the lure of the Compass vision — and the underpinning of its massive $4.4 billion valuation. But is Compass a tech company or a traditional brokerage? F… Continue reading