Weekly Radar #311: Blessing Co-Ownership, An Aggregation of Investor Products, Proptech Index Down
In this Weekly Radar, we cover:
- The Palm Springs City Council approved an ordinance regulating co-owned homes, with Pacaso noting it as a state-first, but the high price requirement may lock out those who need co-ownership the most.
- Opendoor spun off its Open Exchange business into a new company, Mainstay, to focus on the single-family rental industry. There is seemingly a lack of differentiation and significant overlap with existing solutions.
- The GEM Proptech Index had a combined market cap of $232.549B, a 2.15% decrease from the previous week.
- We released quarterly earnings summaries for Compass, CoStar, eXp, Opendoor, and ProCore (GEM Diamond only, until the full report comes to the Crystal tier in another week or so).
As always, links surrounded by the ❇️ emoji indicate exclusive GEM Diamond content. If you would like to have access to all links, please consider GEM Diamond membership.
Geek Estate Blog Recap:
Unlocking Retail Conversion Opportunities in STRs
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Minoan] A retail platform designed to enhance the shopping experience within short-term rentals and boutique hotels, Minoan facilitates owners/managers buying from 200+ brands (west elm, wayfair, Crate&Barrel, etc)…
Geek Estate Team
Optimizing Property & Land Potential with AI
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: CityBldr] A SaaS-enabled product used by enterprise, mid-market and local companies in the real estate, investments, lending, AEC, and planning industries, CityBldr uses proprietary analytics to locate, analyze,…
Geek Estate Team
Apply to Blueprint Vegas’s Early Stage Startup Showcase 2024
LAB Ventures is returning to Blueprint Vegas 2024 to host the Startup Showcase with 75 and Sunny VC and Lab Ventures. Taking place on Tuesday, September 17th, they are looking for early-stage startups in the real estate and construction sectors. Startups applying to be included…
Geek Estate Team
Proptech Job Opportunity: Director of Emerging Technology (Software) at NAR
We have a job opportunity to share from a member of GEM Diamond, the National Association of Realtors. Position Summary: The Director of Emerging Technology covering software will be responsible for conducting research on emerging technology in the hardware arena that is or may have…
Geek Estate Team
2024 iOi Pitch Battle Participants Announced
The industry will convene in Chicago for the sixth annual iOi Summit, the two-day conference on August 28th and 29th, where NAR’s venture capital arm, Second Century Ventures, will present the Pitch Battle competition. Each entrant will conduct a live, 4-minute pitch on their product…
Geek Estate Team
Transmission Recap:
This week, Drew Meyers shares tips on how the process of branding/rebranding companies in the modern day. Last week, Brad Hargreaves explored Ownify's "bricks" fractional ownership model as one of the promising approaches in the landscape of players working to unstick the housing market.