Tag Archives: mike delprete

Mortgage is the new money pit for portals: Mike DelPrete

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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 →

For the first time, Opendoor is selling homes at a loss: DelPrete

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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’s buyer agent commission advantage: DelPrete

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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 →

Compass Houston’s founding agent jumps to Sotheby’s

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Bryan Beene is jumping ship to Martha Turner Sotheby’s, leaving the office he founded in 2019 behind as the now public company reaches a critical juncture, a report says. Continue reading →

Compass is ‘the world’s most unprofitable brokerage ever’: Mike DelPrete

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In a recent VICE interview, Mike DelPrete offered his thoughts on how Compass’ longstanding cash burn problem could pose an existential threat to the brokerage and its ability to compete. Continue reading →

Will Compass’ changes to agent pay slow its growth?

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The brokerage has grown rapidly thanks to generous handouts of cash and stocks to newly onboarded real estate agents. But amid leaner times, those perks are going away. Continue reading →

Zillow Home Loans continues its unprofitable run: Mike DelPrete

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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 →

WATCH: Mike DelPrete on the end of the ‘sustained unprofitability’ era

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“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. Continue reading →