Exactly one year ago, Zillow Offers was in a similar position to the one that Opendoor now finds itself in and shut down its operations. Mike DelPrete offers insight into the path forward for Opendoor and why it might be different this time around. Continue reading
The real estate industry is in the midst of a massive financial reckoning. Amidst this turmoil, the industry is bifurcating into predators and prey — companies that have the resources to expand through acquisition and those burning cash that are vulner… Continue reading
Year-over-year numbers don’t take into account the fact that the pandemic years were radical outliers on a number of levels, real estate being just one. Mike DelPrete analyzes the fallacies associated with much of the current market handwringing. Continue reading
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Continue reading
After outpacing the competition, market conditions have finally caught up with the iBuyer, forcing it to prove that its model still works — even in a downturn. Continue reading
Opendoor is deftly turning its super-skimpy buyer commissions into a competitive advantage to optimize its business model. Mike DelPrete looks at the data and explains what it means for the industry. Continue reading
Hard on the heels of its partnership announcement with Zillow and its $62 million FTC fine, Opendoor is banking on advertising to restore its brand reputation. Continue reading
Find out what Compass’ Q2 earnings numbers mean and what they’re doing to cut costs in the face of their ongoing cash burn. Continue reading
The mortgage industry is getting hammered this year, with declining leads, loan volumes, and revenue. Expert Mike DelPrete says Zillow faces the same reality, as the latest reports on their mortgage offering show that it continues to be unprofitable Continue reading
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. Find out how Mike DelPrete sees this shift playing out and impacting the iBuyer market. Continue reading