Tag Archives: mike delprete

How much are iBuyers paying for customer acquisition?

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Over the past three years, the largest iBuyers — Opendoor, Zillow and Offerpad — have spent over $200 million advertising directly to consumers. That spend peaked in 2019 before slowing during the pandemic. Historically and today, Opendoor appears to b… Continue reading →

IBuyers are willing to lose billions to gain market share: DelPrete

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With 2020 firmly behind us, the world’s two largest iBuyers have released their full financial results for the year. Here’s a direct financial comparison of iBuyers Zillow versus Opendoor and an individual look at the key points of difference from 2019… Continue reading →

Mike DelPrete: Don’t Call It A Comeback (Just Yet)

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Real estate tech strategist Mike DelPrete explains pre and post shelter-in-place market trends and how real estate agents can prepare for the future. Continue reading →

US market data suggests a checkmark-shaped real estate recovery

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The latest U.S. market data shines a light on what the dip and recovery will look like — a checkmark shape — with an immediate drop, three to four weeks at the bottom and a slow recovery period. Continue reading →

Opendoor layoffs are a retreat not a defeat

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Opendoor announced it’s laying off 35 percent of its workforce. The move, designed to give Opendoor more runway, increases its chances of survival, but it comes at a competitive cost. Continue reading →

Several US markets see uptick in new listing volume

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Several of the earliest hit U.S. markets, with the exception of New York City, have seen an uptick in new listing volumes over the past week. There is a hopeful possibility that activity has “bottomed out” and has started to slowly recover in those mar… Continue reading →

New listing volumes plunge 50-75% across the globe

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As the pandemic and associated effect on the real estate market spreads, one of the best leading indicators of a decline in transaction volumes — new listings — has dropped an average of 63 percent in the earliest hit markets. Continue reading →

How real estate portals are reacting amid the coronavirus pandemic

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As the coronavirus pandemic and the associated impact upon global economies spreads, the world’s leading real estate portals are all making big moves in response. Continue reading →