T3 Sixty

Insight /

December 2020

T3 Insight Monthly Digest

The industry has so many stories, blogs, press releases and announcements each month that we all struggle to digest the information and distinguish between truly meaningful developments and hype or advertisement. Here are this month’s articles.

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December 2020
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A guide to real estate’s future

A guide to real estate’s future This immense change happening in the real estate industry requires clear-eyed analysis and information, which is just what
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[
December 2020
]

How the pandemic has changed hiring

How the pandemic has changed hiring Real estate companies have an immense opportunity to scoop up talented agents and employees in the pandemic’s wake,
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December 2020
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Best Practices for Effective Strategic Planning

Best Practices for Effective Strategic Planning Growing a business is not difficult, it just requires a clear, detailed plan, a clear intent, and, often,
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In addition to the three deep-dive articles above, T3 Sixty has, in addition, identified a collection of noteworthy articles from various news sources. Here are those honorable mentions.

Opendoor to begin trading on Nasdaq in December

(Read the Story)
  • From: Yahoo Finance
  • Summary
On December 21, Opendoor will begin trading on the Nasdaq stock exchange under the “OPEN” ticker.
  • Commentary
The move to Nasdaq trading brings yet another public company to the real estate fold. It also will now allow more transparency into the iBuyer business model, providing an accurate, real-time look at the model’s evolution and its financial challenges and successes.

HW Media acquires REAL Trends to combine two of real estate’s most powerful media outlets

(Read the Story)
  • From: HousingWire
  • Summary
HW Media will now own and operate media brands HousingWire, FinLedger and Real Trends. The company will reach over 11 million real estate, mortgage and fintech professionals each year. Steve Murray will continue consulting work under a separate company.
  • Commentary
HousingWire, already a respected media name in housing, construction, and mortgage news, now expands its news, rankings and events capabilities into residential real estate brokerage. Inman, the residential real estate brokerage industry’s leading media company, has a strong, new formidable competitor.

Home insurance startup Hippo raises $350M

(Read the Story)
  • From: Crunchbase
  • Summary
Just four months after raising $150 million, home insurance startup Hippo, which insures homeowners’ homes and their possessions as well as helping them manage them digitally, comes back for $350 million more at a valuation of $1.5 billion.
  • Commentary
The residential real estate brokerage ancillary business space remains a huge opportunity as these services represent a critical component to the end-to-end home transaction. Many large brokerage companies are pursuing the incorporation of ancillary services and, if you haven’t yet done so, take the first step in 2021.

Existing-home sales jump again in October

(Read the Story)
  • From: NAR
  • Summary
Sales, and prices, of existing homes continue to rise throughout the U.S., as the real estate market sustains its comeback after the Covid-19 freeze in spring. Sales in October jumped 4.3 percent from September and 26.6 percent from a year ago, while median prices jumped to an all-time high of $313,000.
  • Commentary
The real estate market continues to be blazing hot, which gives real estate brokers and agents ample opportunity to invest, innovate and grow their businesses into 2021. While uncertainty looms, the bold have immense opportunities.

Lone Wolf Technologies acquires W+R Studios

(Read the Story)
  • From: Vendor Alley
  • Summary
W+R Studios, makers of the popular comparative market analysis Cloud CMA, Cloud Agent Suite and many other industry tools, has been acquired by Lone Wolf Technologies.
  • Commentary
Founders Greg Robertson and Dan Woolley believe merging with a larger tech company is a good move given real estate’s increasingly higher financial and tech stakes. Since company founder Lorne Wallace sold his interest in the company in 2015, Lone Wolf acquired zipLogix in 2019 while its institutional investor Stone Point Capital bought out fellow investor Vista Equity Partners just last month. The residential real estate technology space is undergoing significant consolidation – Constellation has already acquired some 20 brands, MoxiWorks acquired Imprev last year and now there are even talks about giant CoreLogic fending of acquisition interest from credible players.

T3 Sixty

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© T3 Sixty 2020. Enabling Intelligent Change.

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