Real estate Companies

Research and data on residential real estate technology companies

Latest REmployment Update

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 measures by tech-enabled brokerages.‍

Key takeaways: 1. Brokerages recently made significant headcount reductions due to COVID 19. eXp, Redfin, and Compass all made meaningful cuts. Unison on the lending side also had layoffs. 2. HomeCaptain acquired Redefy to add discount brokerage services to its mortgage referral platform. Firepoint and Realvolve merged to become a stronger agent platform.

Findings: Because this is the first report, I’ll highlight a few interesting findings. First is on geography. It was somewhat surprising how meaningful Dallas and San Francisco are. San Francisco is bolstered by DocuSign. But it's also the closest to a non-real estate company in my data set. Regardless, Opendoor, Movoto, Roofstock Unison, and ApartmentList all employ significant numbers. LA and Dallas round out the top 3. Both are bolstered by...

REcosystem

The current state of real estate tech companies