T3 Insight

SPACs, decoupling organized real estate + successful tech implementations

Articles in this Edition

In this edition of T3 Insight, T3 Sixty's latest monthly analysis of the residential real estate brokerage industry includes articles on SPACs, decoupling organized real estate + successful tech implementations. Take a deep dive below.
Released November 25, 2020

SPACs emerge as latest innovation that could reshape real estate

by: Paul Hagey

Is it time to separate ‘church’ and ‘state’ in organized real estate?

by: Clint Skutchan

How to ensure a successful tech implementation

by: Mark Lesswing

What We're Reading

In addition to the articles, here are a few items we are reading from across the internet.

NAR unveils discrimination simulation training

This is one of the first announcements by NAR as part of its commitment to improve diversity in the residential real estate brokerage industry. More expected in the not-too-distant future.

  • Realtor Magazine
Zillow posts highest net profit since 2011 in Q3

The hot third quarter in real estate helped buoy Zillow’s performance, as did a slow ramp-up of its cash-intensive iBuying program Zillow Offers.

  • Zillow Group
Realogy posts big Q3

Aided by a strong performance in its ancillary business, as well as a blazing hot third quarter across the board in real estate, Realogy’s restructuring efforts seem to be paying off. See the detailed Realogy analysis in the “2021 Swanepoel Trends Report” out December 7. Order a copy here.

The Agency expands to DC

A strong real estate market fuels opportunities for all brokerages with strong leadership and an appetite for growth. We expect to see more expansion and consolidation efforts in the months and year to come.

  • Inman
CoreLogic loses 2 suitors but still for sale

First American Financial spun off its technology and information division in 2010, creating CoreLogic. Listed on the New York Stock Exchange under the CLGX ticker, CoreLogic is a multibillion dollar financial, property, and consumer information, analytics, and business intelligence company. Matrix, its MLS software, is the most-used MLS platform in the U.S. with 850,000 users. With continued consolidation, class-action lawsuits and the Clear Cooperation Policy, the MLS industry itself is also undergoing a reengineering.

  • Bloomberg
Former Zillow execs raise $40M for real estate startup

Startups and incumbents have been making an all-out effort to streamline the transaction in recent years. One of the chief hurdles involves stitching together the processes ancillary to the transaction – such as mortgage, title and insurance -- which has spurred a bunch of innovation, including iBuyers and startups like Tomo and larger players like Zillow Group and Opendoor. A true digitized transaction, from start to finish, is still years away, but the hunt is on in earnest now.

  • GeekWire
Zillow Group appoints first Black board member

2020 has presented many challenges, but a renewed focus on increasing diversity is one bright spot. We expect to see similar moves by other companies in the real estate space, including T3 Sixty’s own Real Estate Apprentice, which aims to help increase diversity in the real estate profession.

  • Inman