In this Weekly Radar, we cover:

• Newspaper publisher Gannett formed a multi-year agreement with AddressUSA to power an online real estate portal across the USA TODAY Network including USA TODAY and over 200 local publications nationwide. Really?
• A new Referral Disclosure form from Northwest MLS is a move toward "complete transparency" in home transactions.
• Oki AI sends a personalized report daily to every leader at your company after connecting your apps (Google Drive, slack, Trello, GitHub, Notion, etc).
• The GEM Proptech Index decreased 0.59% from the previous week.

For GEM Diamond members: Covering AI, no-code (and low-code) product development, tools, and training/managing AI agents, we are curating a special "State of AI" Zoom session with Seth Siegler, Chief Innovation Officer at eXp Realty. It'll be Thursday, July 24th at 9:30 PST and will be an extension of the AI discussion started at the GEM Proptech Getaway in April, and continued in the AI tools and tactics open mic virtual mastermind session this spring. Seth will share what he's been working on at eXp, and we'll discuss what AI tools others are using (Replit, Cursor, Lovable, Gumloop, etc), and where operators are finding the most efficiency gains. Apply to GEM today to secure a spot.

Latest from Geek Estate Blog:

The State of Rent: What The Last Five Years Reveal About the Future of Real Estate Investing

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Maximizing First Time Homeowner Savings With Matching and Rewards

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A CEO’s Guide to What Matters with AI

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Transmission Recap:

This week, Drew Meyers dives into Wealthie, a platform helping homeowners unlock equity and invest in diversified assets—without loans or debt. Last week, Heather Harmon explored the growing real estate wellness movement recognizing that buildings play a critical role in human health, productivity, and well-being.

BIZ INTEL

PROPTECH INDEX WEEKLY
By: Community Relations

Consisting of 26 stocks, the GEM Proptech Index had a combined market cap of $249.858B, a decrease of .59% from the previous week.
 
Redfin was removed from the index this week after its acquisition by Rocket closed on July 1 and it was delisted from the NASDAQ.
 
Opendoor’s stock surged 27.87% this week after it announced a proposed reverse stock split to maintain its Nasdaq listing.

GEM DIAMOND MEMBER NEWS

• Bilt raised $250 million at a $10.75 billion valuation. – Jonathan Lawless 
• Notable partnered with Redfin to power the Redfin Concierge program helping sellers get their homes market-ready without upfront costs. – Max Kuhl and Austin Lane  
• Hive MLS partnered with RentSpree. – Michael Lucarelli and Lauren Martin
• REsides announced the launch of its three-tiered subscription borderless MLS model. – Colette Stevenson
• Broker Public Portal soft launched and brought in Doorify MLS as an investor. – Dan Troup 
• Pearl welcomed Tim Stanislaus as SVP of Business Development. – Cynthia Adams 
• GTCR made a strategic investment in Clear Capital. – Kenon Chen and Amanda Governale 
• Genevieve Becker from Thumbtack was a guest on The Hoam Front podcast: Listen in.
• BOSSCAT and Pillar To Post extended their exclusive data partnership. – Min Alexander 
• PropStream acquired Batch Leads and Batch Dialer. – Marvin Stone and Jen Yosef
• San Antonio Board of REALTORS adopted Passkey authentication with Solid Earth's SSO dashboard. – Eric Stegemann 
• Incline Village REALTORS added Tether RE to their member offerings. – Scott Martin
• Jered Dennis was a guest on the Real Estate Pros podcast: Watch/listen.

As always, links surrounded by the ❇️ emoji indicate exclusive GEM Diamond content. If you would like to have access to all links or attend our curated gatherings (lunch in San Diego during Inman, Mariners day game in Seattle, dinner in Vegas during Blueprint), please consider GEM Diamond membership.

REAL ESTATE

LAUGHING AT THE LATEST PORTAL WARS
By: Drew Meyers

Newspaper publisher Gannett formed "a multi-year agreement with AddressUSA to power an online real estate portal across the USA TODAY Network including USA TODAY and over 200 local publications nationwide," according to a press release. The aim is to "to provide another space for consumers to view home listings and generate referrals for agents," according to Inman.

Seriously?

What about AddressUSA is different, unique, or compelling in even the slightest for a buyer or seller? Searching listings, home values, finding an agent, and home resources are the ingredients to every portal, agent/broker website, and MLS site for the last twenty years. I assure you, there is no consumer demand for yet another "more of the same" website. The chance that consumers abandon Zillow, Realtor.com, Movoto, Redfin, and Homes.com to switch to AddressUSA...