Opinion
Merging two real estate portals consolidates market and pricing power within one organization and allows a quickened growth pace, but it also allows for an increased value — a good deal for consumers
Opinion
With the recovery of new listings coming to market slowing and buyer demand remaining strong, the supply and demand imbalance doesn’t appear to be changing soon
Rather than looking at a wholistic picture of the rollercoaster of recovery, think of it as 10,000 different rollercoasters moving independently of one another. Not all markets will recover the same
Opinion
Opendoor and Offerpad will now list homes directly. Ultimately, this new service, still in the early stages and not fully rolled out, represents a way for iBuyers to make money without having to actually buy houses
Opinion
Evidence suggests that once restrictions are lifted in the hardest-hit markets, new listings rebound quickly
Unrivaled technology investment to boost agent efficiency has been a key component of the Compass narrative, but it remains an aspiration rather than a clearly demonstrable reality
Opinion
The current evidence supports more of checkmark-shaped recovery rather than a V- or U-shape — beginning with an immediate drop that lasts 3-4 weeks, followed by a gradual recovery
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
It’ll take several more weeks to fully determine if this is the bottom and possibly several months for new listing volumes to return to normal levels
Opinion
One of the top leading indicators of transaction volume decline, new listings, has dropped an average of 63% in the markets earliest hit by COVID-19
In this fast-moving, dynamic time, portals are making significant moves to retain their agent clients and ease their financial burden
Opinion
Only those who are fast, adapt gracefully, and have the strongest foundations and balance sheets will survive and thrive in the recovery
Opinion
Today’s market environment will finally shine a light on how the iBuyer business model will react as consumer demand wanes, and there are certain recognizable advantages
Opinion
Attempts to compete directly with the leading portals — from both upstarts and financially strong runner-up portals — have met with limited success
Opinion
The foundations have been laid. The question is: Can Compass make it all come together in 2020?
Purplebricks’ H1 2020 financial results highlight a business whose growth has clearly plateaued and reached maturity in the UK, putting a ceiling on its future growth prospects
Zillow’s drive to dominance in the greater New York City real estate market reveals the path to market power of real estate portals around the world
Being the place where consumers go to start their property search, even with alternate options, often yields more effective results
Opinion
To fulfill their strategies and build a viable business that makes money, iBuyers will need to operate walled gardens
Opinion
The best practice — and the most transparent — is talking about equity as equity, debt as debt, and not inflating the headline number by combining the two
