Real estate technology trends

Leanprop is Scott Bierbryer's latest research and resources on everything real estate and property technology.

Everything you need to know to get started in real estate tech
The latest financial updates in residential real estate
Employment and company trends in proptech

Latest Posts

Monthly Financials

The REcap - May 2020

June 8, 2020

Real estate stocks have continued to improve in May, accelerating from last month. Brokerages are still worse off than they started the year. But strength in the housing market has kept losses minimal. Portals have improved their standing since the start of the year. And news from major portals on the housing market continues to be positive. Pricing seems to be holding up, and demand is better than most people expected it to be.

Key takeaways: 1. Real estate stocks continued to improve in May. They have not yet offset year-to-date losses across the board, but portals are better off. Brokerages increased over 20% m/m and portals gained just short of 30%. 2. Zillow is trading better than it did to start the year. It’s improved its gross profit per Zillow Offers home. It also revised its revenue expectations upward since initial post-pandemic concerns. 3. While home prices have been stable, annualized home sales declined almost 20% in March. This reflects the initial response to COVID-19 rather than current market conditions. 4. As was the case last month, demand in real estate continues to be solid. Redfin brought back a large portion of its furloughed employees due to a “rapid rise” in demand. Mortgage rates remain at historic lows. But the supply of homes on the market is low and many borrowers are still struggling to pay...

Monthly Financials

The REcap - April 2020

May 4, 2020

Real estate stocks recovered in April, capturing gains seen in the broader market. Real estate company market performance is still worse than it was pre-pandemic. But things are surprisingly okay. News from major portals on continued demand is more promising than many expected. But listings are declining. Shelter-in-place...

Quarterly Employment

The REmployment Update - Q1 2010

April 15, 2020

For the inaugural ecosystem update, I won’t be posting trend information. All the employment data is new, so I have nothing to compare it to. But there’s no shortage of important changes in the past few months. COVID-19 has been a major factor. We’ve seen belt-tightening...