Even CoStar doesn’t think it will unseat Zillow, DelPrete argues

For all its bluster, CoStar Group likely doesn’t think it can overthrow Zillow to become real estate’s top portal, Mike DelPrete tells Intel. Here’s what the commercial real estate giant is really after. Continue reading

Will the second quarter of 2023 match real estate’s Q1 meltdown?

Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading

How ‘computer vision’ is disrupting real estate, 1 listing photo at a time

As ChatGPT reimagines how agents write, computer vision extracts data from millions of images to tell deeper stories about home, Restb.ai Chief Product Officer Nathan Brannen tells Intel. Continue reading

Here’s how CoStar can beat Zillow and win the real estate portal wars

CoStar is already borrowing a page from other big insurgent companies including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on how much it spends, analysts told Intel. Continue reading

There’s a ‘magic number’ that moves homes. Will we ever hit it?

Homebuyers have been holding out for a 5.5 percent rate, Maegan Sherlock told Intel. It may take a while for them to adjust their expectations. Continue reading

Do you Mynd? Invesco Real Estate invests $20M more in SFR platform

Mynd is a web application that assists investors with finding and managing single-family rentals (SFR) in and from any location within the U.S. It closed today on $20 million in financing to further its offerings, according to an announcement. Continue reading

InspectionGo takes off: Lands $5.5M funds, acquires 2 companies

InspectionGo (iGo) has closed on $5.5 million in Series A funding as well the joint acquisition of home services proptechs HomeBinder and Repair Pricer, according to a company announcement. Continue reading

Leading RE selects recruitment app Courted for Solutions Group

The brand has chosen Courted — a mobile application designed to empower the way agents, teams and brokerages network — for inclusion on its list of preferred vendors and resources. Continue reading

How early adopters in real estate learned to stop worrying & love AI

Less than a year after becoming publicly available, tools like ChatGPT and DALL-E have inspired brokers to explore — and integrate — artificial intelligence, a rigorous process of trial and error, they told Intel. Continue reading

AppFolio exec: AI is about ‘activity elimination,’ not axing human jobs

Rather than being replaced by artificial intelligence, the real estate agent of the future will have fewer rote tasks to perform, Cat Allday, AppFolio’s vice president of AI and product operations, tells Intel. Continue reading