Context with Mike DelPrete
Mike DelPrete: Ask Me Anything
Nov 8, 2024
Joe Rath, a Redfin expert known for his insightful contributions to real estate technology, interviews Mike DelPrete for a deep dive into groundbreaking trends. They discuss the transformative impact of AI and how it reshapes transaction efficiency. The conversation reveals startling truths about property portals, their reliance on inventory over innovation, and the shocking decline in lead quality. They also tackle the perfect house myth and how brokerages can thrive amid market volatility by leveraging niche strengths. It's a must-listen for real estate enthusiasts!
28:11
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Quick takeaways
- The integration of AI in real estate primarily improves backend efficiency, yet agents remain hesitant to adopt such technologies consistently.
- Despite the increasing role of technology, personal interactions are crucial for successful customer engagement in real estate transactions.
Deep dives
Global Commonalties in Real Estate
Real estate agents around the world share a notable dislike for property portals. This common sentiment, found in various countries including the U.S., Canada, and New Zealand, reflects a broader reluctance among agents to embrace technology. Despite the rise of alternative transaction models, agents remain at the core of the real estate transaction process, showing no signs of diminished relevance. This indicates a firm adherence to traditional practices and a resistance to significant transformational changes within the industry.
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