Last week, Zillow announced a major strategic shift: Along with a new CEO, it made clear that its top focus is its Zillow Offers iBuyer business. Let’s talk about the highlights of that announcement. Continue reading
What’s the latest on the iBuyer landscape? How will it impact real estate agents’ bottom line? Listen in as strategic and real estate tech adviser, Mike DelPrete lays out the current iBuying scene at Inman Connect New York. Continue reading
Flat-fee brokerage Purplebricks is changing its business model significantly in the United States to offer varying listing fees to homesellers by region, which it will now only charge if and when a home is successfully sold. It’s a pivot that brings Pu… Continue reading
Axel Springer, the $6 billion European media house, is going “all in” with online hybrid agents, through its investments in Purplebricks and Homeday. It’s making a calculated bet that competing with its real estate agency customers is the best long-ter… Continue reading
The iBuying market exploded this year, to the point that its rapid expansion has become one of the year’s most dominant real estate stories. Continue reading
Purplebricks’ core U.K. market continues to grow and is meaningfully profitable, proving that the model works. Key performance indicators in its other three markets reveal a deeper story of investment, growth and challenges. Continue reading
Last week, Zillow announced its latest financial results, and the stock dropped 25 percent (losing $2 billion in value). But the story everyone is missing is the Zillow Offers business and its huge potential with seller leads. Continue reading
Aligning closer with agents is a significant pivot for Opendoor because it signals that working with the traditional industry is an important part of its growth strategy. Continue reading
Leading Real Estate Companies of the World, a network of the top-producing indie brokerages, is launching a series of webinars hosted by Mike DelPrete. Continue reading
Zillow benefits from practically unbeatable network effects in the consumer space. Both of these moves ignore basic strategic principles of playing to your strengths and picking battles you can win. Continue reading