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.…
Posts published in “mike delprete”
The real estate industry is in the midst of a massive financial reckoning. Amidst this turmoil, the industry is bifurcating into predators and prey —…
Year-over-year numbers don’t take into account the fact that the pandemic years were radical outliers on a number of levels, real estate being just one.…
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Source: Inman…
After outpacing the competition, market conditions have finally caught up with the iBuyer, forcing it to prove that its model still works — even in…
Opendoor is deftly turning its super-skimpy buyer commissions into a competitive advantage to optimize its business model. Mike DelPrete looks at the data and explains…
Bryan Beene is jumping ship to Martha Turner Sotheby’s, leaving the office he founded in 2019 behind as the now-public company reaches a critical juncture,…
In a recent VICE interview, Mike DelPrete offered his thoughts on how Compass’ longstanding cash burn problem could pose an existential threat to the brokerage…