As I've written previously, Opendoor is the most sexy start-up in real estate.
But why wasn't apparent until Benedict Evans of A16z wrote this post: http://ben-evans.com/benedictevans/2015/2/28/market-size
Benedict writes about market size, saying there are products that can take existing market share, and there are those that can create a market.
Could Opendoor persuade people to sell, when they otherwise would not have? I believe yes. And that is fascinating.
Could OpenDoor's buying rate of a home-a-day keep the Realtor away? I don't believe so.
But they could be a single reason for an increase in real estate transactions in every market they enter.
More from RealPundit on US Real Estate Tech Start-ups:
What if you didn't need to be an 'expert' and deal with negotiations?
What if you got a refurbished property, for a fair price?
Even better, what if you could just walk in and view the property without needing to book an appointment?
Opendoor is the most sexy start-up in real estate.
Could they persuade people to sell, when they otherwise would not have? I believe yes. And that is fascinating.
There's no embarrassment in clicking away from a website, like there is when you walk into a Realtor's office. There's no pressure to make chit chat or leave your email address. Online is brutal, and simple.
So it gives me great pleasure to see the talented designers behind Everdwell make single property websites that are so very simple.
The premise behind Allre is admirable, but I can't help but feel Kathy Dryden and Dave Mercer are missing the bigger picture: property owners are lazy.
Agents aren't going anywhere. People will always use them. But they may appreciate them better if Real Estate Agents used software like Allre.com
They say big corporates worry about two guys in a garage usurping their business with innovation. For real estate, an industry with so little innovation, it could be 3 young guys in a Castle.
While not not groundbreaking, as start-ups like Cozy and Radpad have been doing his for a while, the single platform approach by Zumper is interesting.
Will Caldwell isn't flying below the radar. Alongside a regular column for Inman News and Entrepreneur.com, he flies high above the surf with his own Kiteboarding company. But his current passion, Dizzle, has greater scope for attention seeking.
Now this is cool: MotionLoft install sensors around and outside your store/building which filter back the number of people and vehicles that pass.
They call it analytics for the real world.
The process of buying or selling a home is so very painful. Yet everyone who has tried to make fundamental improvements has failed.
But then there's Redfin, with their quest for super-hero-like change.
If the current crop of real estate agents are to compete then that computer in their pocket is the key.
Ok, they're not dumb, but Zillow CEO Spencer Rascoff is playing the industry for fools.
In this video interview with Jim Cramer (of Mad Money fame) he rebuffs value (for money and stock price value with continued growth) concerns with: "we're making more impressions. We have lots of impressions to sell to our agent advertisers".
And it made me think: page impressions do not make a Realtor money. Even converting a Zillow user into a buying client doesn't make a Real Estate Agent money.
Realtors are a dime a dozen. What makes a Real Estate Agent money is providing a client with a completed transaction.
The US-based start-up have created an 'offer generator' form, in the form of an iOS and Android app.
The New York City based real estate brokerage, named Urban Compass, raised $40m recently. This is on top of the previous $25m capital raise not so many months ago.
The PR spin is that Urban Compass is doing so well, its investors are begging it to take more money and expand into more US cities.
Put aside the terrible name, using natural language to search listings with inaccurate descriptions is just going to be painful.
This is probably the start-up that will make Real Estate Tech sexy.
The proposition is simple: OpenDoor will buy your home, at the press of a button, very quickly.
Apartment list is very smart and very successful. But this is little more than an expensive gimmick.
RESAAS is a fairly bewildering product, but it certainly proves you can sell anything to real estate agents and brokerages.
There's a lot of money in selling real estate services, so this is undoubtedly a smart play.
Matt Ehrlichman is the founder of Porch, the fast-growing home improvements site taking on the dominance of Houzz and likely taking eyeballs away from Apartment Therapy.
The dream for most start-ups is to get backing from the 800 pound gorilla that is local government. It's sticky and usually entails people on the ground endorsing regular usage of your produce.
Thanks to Marin County, that's exactly what Nextdoor has received for its Neighbourhood websites business.
Former Zillow-er, Drew Meyers, is a very social person. He's so passionate about bringing people together, that this is his second start-up to that effect. And it's certainly an interesting one.
"DataShine is to the Office of National Statistics what CityMapper is to Transport for London"
Floorplan app MagicPlan, which was already an incredible piece of tech, just got better.
The most valuable piece of information, that a tenant possesses, is their move out date. Usually they give it away for free and a lettings agent (leasing agent in the US) would monetise it by charging a landlord fees for re-letting.
But what if tenants held onto that information, and sold it to a 3rd party? The ramifications are mighty interesting.
Real technology from a real estate company. That's Homesnap and it's native app, Homesnap Pro.
It's a very simple piece of magic: take a photo of a home, and using the GPS and some clever recognition, you can see all the info on that home from MLS and other data sources.
Mobile software is tearing up the real estate industry.