Tag Archives: mike delprete

Compass faces first downturn amid pressure to cut costs

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The brokerage has dominated the conversation for years in real estate but is now faced with the task of becoming profitable amid its first major market downturn. Continue reading →

Keller Williams’ goal for 2023? ‘Someone has to sell a damn house’

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Keller Williams President Marc King told Inman he was confident in the brokerage’s path to success in 2023 despite a few bumps on the road to becoming the “Disneyland” of real estate. Continue reading →

Inman launches immersive new video platform, Inman Access, for real estate professionals

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The game-changing new offering launches today with hundreds of hours of original video content as well as content from Inman’s vast video library. Subscribers get it all — anytime, anywhere. Continue reading →

Redfin faces a steep battle as it claws its way toward profitability

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Analysts said Redfin isn’t facing an existential moment but nonetheless experienced a uniquely rough period over the past year. These are the 5 biggest challenges Redfin will face in 2023. Continue reading →

Two key charts to make sense of the crazy US housing market

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Media headlines focusing on a pending US housing market crash are based on limited data that’s skewed by the outsized 2021 numbers. Mike DelPrete offers two charts to help you consistently refocus on market realities. Continue reading →

Opendoor faces ‘existential’ crisis as iBuying fights for survival

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The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market. Continue reading →

All brokerages are entering the winter of real estate: Mike DelPrete

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Now that earnings are in for the big box brokerages, the anticipated revenue decline is clear. But does it tell the whole story? Continue reading →

Compass must cut faster and deeper to break even in 2023: DelPrete

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Compass continued to burn cash in the latest quarter but also demonstrated a reduction in operating expenses as the company aims to break even in 2023, Mike DelPrete writes. With a historically high cash burn, Compass needs to cut faster and deeper tha… Continue reading →

Redfin called ‘fundamentally flawed’ by analyst amid stock market havoc

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Real estate companies including Compass, Offerpad and Opendoor saw share prices hit all-time lows Monday. The rout suggests investors may have deep concerns about the real estate industry. Continue reading →

Opendoor is where Zillow Offers was a year ago: Mike DelPrete

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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 →