Harvey Hancock and Simon Baker get together to discuss recent financial results around the world and other news stories from the world of real estate online marketplaces and proptech industries. Part 2 of 2. 00:00:00 - Introduction to the PPW Podcast 00:00:37 - Scout24 Financial Results 00:08:35 - Adevinta's New CEO and Market Strategy 00:12:38 - Lifull and Lifull Connect 00:25:42 - Lifull + Generative AI 00:30:00 - Simon's go-to AI Tools and Technologies 00:35:05 - CoStar's Office Expansion 00:36:12 - Conference teasers and outros

Join us in this episode of the PPW podcast as hosts Harvey Hancock and Simon Baker sit down with Sarah Wood from realestate.co.nz. Discover the unique landscape of the New Zealand property market and how realestate.co.nz has thrived for 28 years as an industry-owned platform. Sarah shares her thoughts on the challenges and opportunities of operating in a competitive environment dominated by major players like TradeMe. Learn about the innovative features that have driven user engagement and how they are leveraging AI with their assistant, Tahu. Subscribe for more insights from the world of real estate and prop tech! 0:00 - Introduction to the PPW Podcast

0:30 - Overview of Realestate.co.nz

05:02 - User-Centric Product Development

06:36 - Innovation Tournaments and Idea Testing

08:08 - Successful Product Features: Listing Minimize and Price Change History

10:55 - Introduction of AI Product: Tahu

13:56 - Competing with TradeMe

21:13 - Comparing with Australian Market Leaders

22:00 - High Intent Market and Consumer Experience

29:13 - Building a Strong Leadership Team

30:02 - Hiring for Industry Experience vs. Fresh Perspectives

36:43 - Outros

Follow us on linkedin: https://www.linkedin.com/company/property-portal-watch Check out - www.onlinemarketplaces.com Listen to the full episode on your favourite podcast platform!

Welcome back to the PPW Podcast! In this episode, host Harvey Hancock is joined by Simon Baker and our first repeat guest, Brian Boero from 1000 Watt. Together, they dive deep into the current state of the U.S. real estate market, exploring the challenges and changes within the Multiple Listing Service (MLS) system. Key topics discussed include: + An overview of the sluggish U.S. real estate market and the impact of interest rates. + The unique structure of the MLS and its significance in real estate transactions. + The implications of recent legal settlements on commission structures and agent behaviour. + The rise of Homes.com and its competition with Zillow and Realtor.com. + The evolving role of AI in real estate, from marketing to transaction processes. + Future of the real estate industry and the potential for a more streamlined market. Don't forget to like, subscribe, and hit the notification bell for more episodes! Timestamps: 00:00 - Introduction 00:23 - Overview of the U.S. real estate market 01:46 - Understanding the MLS 04:38 - Factors driving change in the market 06:20 - The role of Homes.com 08:42 - Realtor.com’s position in the market 10:26 - The impact of ad spending 12:58 - Future predictions for Zillow and Realtor.com 17:01 - Legal settlements and commission structures 19:04 - The role of AI in real estate 25:46 - Conclusion and future outlook Follow us on linkedin: https://www.linkedin.com/company/property-portal-watch Check out - www.onlinemarketplaces.com Listen to the full episode on your favourite podcast platform!