Context with Mike DelPrete Mike DelPrete: Ask Me Anything
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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!
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Global Agent Behavior
- Real estate agents globally share similar behaviors, like disliking portals.
- Agents are firmly entrenched in the transaction process worldwide.
AI's Real Estate Impact
- AI's most significant impact will be improving backend processes, not consumer-facing applications.
- Automating tedious tasks offers greater potential than flashy features.
The Importance of Listings
- Listings are the most crucial aspect of property portals, not product features.
- Consumers prioritize inventory access over user experience.