Real estate technology trends

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

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The latest financial updates in residential real estate

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Monthly Financials

The REcap - July 2020

August 3, 2020

Real estate stocks posted a solid month. Tech-driven players continue to thrive amidst the pandemic environment. Redfin, eXp Realty, and Zillow are all in better positions than they started the year. But other companies are flattish year-to-date, which is pretty good considering the environment. The housing market is showing surprising strength. Limited supply and competitive mortgage rates are contributing to continued pricing growth.

Real estate stocks improved in July.  Redfin, eXp Realty, and Zillow are all priced better than they were pre-COVID. Home prices have continued to rise as supply remains limited. Sellers are staying on the sidelines. Low interest rates are making buying more attractive. All during an uncertain economic environment. Brokerage stocks posted gains in line with the broader market. Portals exceeded the market’s performance. Despite continued uncertainty from COVID-19, the markets continued to rally. Data on home prices show continued increases. Mortgage rates hit record lows and seller reluctancy is limiting inventory. The S&P continued its rally despite continued uncertainty on COVID-19 and employment. The S&P increased almost 5% in July.

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...

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...