Inman Intel: Insights & Research
As the market for proptech nears $100B, executives at companies like Contactually and Trackxi are grappling with a paradox: As the market grows, what brokerages and agents want is narrowing
September Inman Intel Index Highlights
1 in 3
agents in late September said that most of their sellers inquired about covering the buyer-side commission, up from 21% the month before
1 in 20
listing agents, despite this heightened interest from clients, said that more than half of their sellers actually ended up taking a hardline approach against covering the buyer-side commission
27%
of buyer's agents say they've been submitting offers that require the seller to cover their commission, then learning the seller's stance as part of normal negotiations — a slight uptick from August
2%
of agents say they feel comfortable weighing in when their clients raise a political opinion the agent disagrees with, compared with 48% of agents who say they never share their political opinions in such a scenario
1 in 4
agents say politics are a source of greater tension with clients this year than they were in 2020, while only 1 in 15 agents say they've produced less tension
With fewer transactions in play, agent recruitment and retention comes down, in many cases, to the way agents are compensated
TopProducer, at 40-years-old, released a new suite of features called Social Connect to help users find new avenues of business through digital marketing, the company said
Friday's strong jobs report renews worries that the Federal Reserve is not done hiking rates to combat inflation as policymakers face June 14 decision to 'hike, skip or pause'
The former rivals are now jointly providing cash offers to consumers in a total of 16 markets, most of them spread out across the Sunbelt, according to an announcement Thursday
The company, which supports real estate professionals who want their own brand, plans to have its staff members work in the markets where its partners are based
Opinion
Portal competitors are shelling out big money in an effort to dethrone Zillow, but do they stand a realistic chance?
The Brooke Amendment — a law otherwise known as 'the 30% rule' that has shaped US housing policy since the 1960s — is in the crosshairs as spending on real estate soars to record heights
Alexia Rodriguez, CEO of KW Cares, Keller Williams' philanthropic arm, reflects on the nonprofit's 20th anniversary and why companies with employee hardship funds enjoy higher retention rates
In addition to Mosaik and Roomvu, Plunk is also providing actionable market data to DropOffer, Calque and SphereBuilder, according to a company announcement
Brokerage Engine will leverage Payload’s flexible set of APIs to automate a range of crucial financial functions, according to an announcement exclusively sent to Inman
The expansion is part of Zillow's 'enhanced markets' program, which is now in 6 cities and part of the company's efforts to eventually build a real estate 'super app'
The portal's co-founder and former CEO also said that Zillow's impact includes creating tens of thousands of new 'super agents'
Doss was one of the industry's earliest adopters and advocates for how artificial intelligence can enhance home search and real estate services
Doorsey uses a publicly available bidding website on which buyers can see competitive offers and submit formal 'bids' above the last. Founder Jordan Allen was happy to see the deal go through
Zillow has the most traffic, according to an analysis by Intel, but at least 1 rival is growing rapidly in what one observer compared to a Game of Thrones-style gauntlet run
In an interview with Intel, tech strategist Mike DelPrete laid out how artificial intelligence might change the industry — including real estate search portals — and why we're not quite there yet
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