Tag Archives: technology

Aptly named PayProp is a U.K. proptech import landlords will welcome: Tech Review

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There’s not an over abundance of spreadsheets or charts (there are some) but instead a series of clean dashboards that track payments, outgoing expenses, revenue streams and tenants. Continue reading →

Redfin narrows losses as revenue falls 45% in first 3 months of 2023

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Redfin’s Q1 revenue declined 45 percent year over year to $325.7 million, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday. Continue reading →

Vrbo parent Expedia Group posts Q1 revenue gains as losses widen

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Despite reporting its highest-ever first-quarter revenue, Vrbo parent Expedia Group reported losing $145 million in the first three months of the year, according to an earnings call on Thursday afternoon. Continue reading →

Opendoor steers clear of epic 2022 losses in Q1, but revenue remains down

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The iBuying giant saw revenue dip 39 percent year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022. Continue reading →

With ‘Leo’ launch, Real Brokerage latest to integrate ChatGPT

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Tech-forward real estate brokerage Real is known for its combination of in-house software development and third-party partnerships. That tactic continues with its latest integration of Open AI’s ChatGPT. Continue reading →

Zillow, Redfin go head-to-head with new ChatGPT plugins

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The plugins will allow users to employ conversational language to ask the chatbot details about specific listings and the kinds of homes they seek to fine-tune their search results. Continue reading →

Offerpad narrows losses despite another quarter of falling revenue

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Following a dramatic Q4 in which the iBuyer posted losses of $121.1 million, Offerpad improved its net loss by 51 percent to $59.4 million in Q1 as it struggles to adapt to a shifting market. Continue reading →

Zillow begins ‘critical’ year with mounting losses, falling Q1 revenue

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Zillow brought in $469 million in revenue, according to an earnings call Wednesday, falling 13 percent from the $536 million it brought in a year earlier during a period that preceded the rate hikes and sluggish sales. Continue reading →

Jonathan Klein: These are the big challenges real estate faces with AI

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The founder of PropTech Consulting said artificial intelligence can revolutionize the industry, but stakeholders will need to tackle data quality, bias and privacy concerns, among other issues. Continue reading →