Weekly Radar #369: Bombshell Of All Bombshells, Proptech Index Down 3.34%, Pulsing With OpenAI

In this Weekly Radar, we cover:
- Compass’s $1.6B acquisition of Anywhere creates a 341,000-agent giant, driving consolidation, private listings, brand dilution, and portal challenges.
- OpenAI’s rollout of ChatGPT Pulse sparks the idea of a specialized “real estate pulse” that could deliver AI-curated daily or weekly updates.
- The GEM Proptech Index decreased 3.34% from the previous week.
Geek Estate’s Proptech Getaway, an intimate (founders and C-suite) retreat for the brightest minds in proptech, is back for the 3rd year running…taking place in beautiful Central Oregon at Juniper Preserve April 28-30th, 2026. An exclusive gathering for GEM Diamond members. Are you coming?
Latest from Geek Estate Blog:


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Transmission Recap:
Last week, Drew Meyers highlighted how Foyer is creating 401k-style real estate wealth building opportunities with goal-setting tools, financial education, and a rewards program. Before that, Drew Meyers explained the reality that humans' attention is a finite resource, which breaks the AI personalized outreach pitch.
BIZ INTEL
PROPTECH INDEX WEEKLY
By: Community Relations
Consisting of 26 stocks, the GEM Proptech Index had a combined market cap of $273.685B, a decrease of 3.34% from the previous week.
This week, shares of Better Homes & Finance surged 55.53%. Retail traders appear to be rotating out of Opendoor, whose rally was originally sparked by hedge fund manager Eric Jackson, and into BETR after a tweet from Jackson’s Twitter account on Monday dubbing it the “Shopify of mortgages,” igniting a sharp rally.

GEM DIAMOND MEMBER NEWS
- Propexo raised $4.4M in Series A funding, led by Prudence with participation from RXR ARDEN Digital Ventures (RADV). – Remen Okoruwa
- The Pittsburgh Planning Commission approved plans for new prefabricated multi-family building by Module. – Brian Gaudio
- Amrita Tahiliani launched Original4, a construction management and real estate consulting firm.
- Compass is acquiring Anywhere. - Grant Devine
REAL ESTATE
BOMBSHELL OF ALL BOMBSHELLS
By: Drew Meyers
In an all stock transaction, Compass is acquiring Anywhere for $1.6 billion, according to a press release and Inman. 40,000 Compass agents will turn into 341,000 agents (Anywhere has 51,000 agents at owned-brokerages and 250,000 agents at franchises). Compass assumes $2.6 billion in Anywhere's debt (which is the MAJOR win for Anywhere).
My first thought was...Compass is blowing up organized real estate by buying enough market share to push its three phased marketing strategy on to ruin the MLS system as we know it.
There are multiple angles worth noting: