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3 Key Takeaways & Startups on the Rise from Inman Connect New York (ICNY) 2022

Last month, the real estate world descended upon New York for 3 days of engaging speakers, breakout sessions, and networking events with top-producing agents, brokers, tech entrepreneurs and real estate investors from across the country at Inman Connect New York (ICNY).

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Our team was fortunate enough to send Ryan Dinley, Director of Sales, and Megan McGeough, Director of Marketing, down to New York to explore real estate's premier event. Here's our top takeaways from Inman Connect New York 2022: 

1. UBIQUITY OF TECHNOLOGY & EASE OF USE

In a panel entitled “Are We Confusing Motion With Progress?” and moderated by Sam DeBord, CEO of the Real Estate Standards Organization (RESO), panelists M. Ryan Gorman, CEO of Coldwell Banker Real Estate, and Brian Donnellan, CEO of Bright MLS, debated the merits of building technology for the real estate industry.

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Photo Credit: AJ Canaria & Mercedes Santiago of MoxiWorks

"If an MLS subscriber wants to buy a particular product that they saw at Inman Connect, it doesn’t mean they’ll be able to (because most agents and brokers only belong to 1 of more than 500 MLSs nationwide)", said Gorman.

“When was the last time you downloaded an app and the service was not available to you’?” he continued. “We need the ability to move more quickly and deliver exceptional experiences."

Estated's Take: We agree with Donnellan's sentiment that building tech for real estate has 'taken us way too long to get where we need to get to'.

However, immense strides have been made and large amounts of investment have poured into real estate technology over the past few years.

According to a report from the Centre for Real Estate Technology and Innovation (CRETI), $32 billion of venture capital funding was invested in real estate tech and proptech in 2021 with the expectation that VC funding continues to rise in 2022.

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Source: 2021 Real Estate Technology VC Report, CRETI

Proptech and real estate technology platforms will continue to expand and empower the industry as more and more businesses look for new ways to differentiate their product offering.

At Estated, our property data can help brokers and agents alike to:

  • Discover structural, property, and financial insights that can help better target leads and enhance marketing efforts.

  • Save time and reduce customer frustration with pre-filled and pre-populated forms with owner, deed, title, and sale information.

  • Utilize one of the most accurate AVM technologies available to assess property risk faster and more reliably.

  • Enhance customer experience by simplifying search on websites by integrating the latest property data including valuation, deeds, and sales.

Click here for more use cases for Estated's property data in the Real Estate and Mortgage & Lending industries.

As our CEO Josh Fraser put it in his recent interview with our client Obie, "We're trying to make this as quick and accessible as can be. Welcome to 2022 tech—it's only going to get better and faster.' Watch below.

Discover how leading insurance companies and insurtechs like Obie are using our property data to modernize their customer's insurance experience by downloading our case study below.

Download Case Study

2. SERVICE & TECHNOLOGY PARTNERSHIPS

"Future 15: The Rise of the Next Generation Buyer: What Do They Want and Need?" was one of the very first sessions to kick off this year's conference and featured Mauricio Umansky, CEO of The Agency, and Sean Black, CEO of Knock, who discussed what the future of real estate would look like over the course of the next 10 years.


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Photo Credit: AJ Canaria & Mercedes Santiago of MoxiWorks

"Right now we're obsessing about service. I need a system that gets you selling, marketing, lead generation. We’re obsessing with tech on the backend, to create more time for our agents, so they can be doing what they do best", said Umansky.

Estated's Take: At Estated, we're passionate about helping our clients succeed by powering their businesses with rich property data that can help unlock key operating insights and enhance product offerings.

In fact, property data can be a powerful tool to help businesses gather information and build prospect lists about new target markets and potential customers.

We view our clients as our partners and assist them every step of the way from onboarding to implementing data into business operations. Our unmatched customer service is just one facet of our real estate technology solution.

In the same interview mentioned above with Obie, CEO Josh Fraser perfectly sums up what success truly means in proptech in 2022 with the following quote: "All boats rise with the tide. It's a new thing in the technology era where we all want to see each other succeed. In this new ecosystem, we all want to try to succeed together."

3. DIVERSITY IN REAL ESTATE & TECHNOLOGY

One of the final panels at Inman Connect included an all-female lineup moderated by Sara Sutachan, Co-Creator of WomanUP! and featured Ivonne Furneaux, Vice President of Diversity, Equity and Inclusion at Realogy, Kathleen Lappe, CEO at DirectOffer, and Julia Lashay Israel, Head of Diversity, Equity and Inclusion at Keller Williams discussing how diversity in the real estate industry can actually keep pace with the consumer of the future.

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Photo Credit: AJ Canaria & Mercedes Santiago of MoxiWorks

While women represent a majority of professionals working in the real estate industry, they are also disproportionately under-represented in leadership positions. 

Estated's Take: At Estated, we're committed to building a team filled with happy, healthy humans. Corporate social responsibility, diversity, and inclusion are important tenants to helping us succeed in that mission.

While women represent approximately 30% of all staff at Estated, they also account for 50% of our leadership positions and decision-making roles.

Recently, we announced that Estated joined The WIT Network—a global non-profit organization and networking group that supports and promotes women working in all facets of the technology industry. Click here to learn more about The WIT Network.


Aside from the incredible lineup of speakers, remarkable breakout sessions, and exciting networking events, one of the best parts about Inman Connect is exploring the Property Pavilion and Startup Alley—an exhibit space for emerging companies to showcase their innovative new brands and real estate solutions.

Here are the most exciting startups to watch out for in 2022 and beyond from Inman Connect:

REVIVE

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Revive is a fast-growing startup that is rapidly help to innovate the real estate industry. Their platform is centered on empowering homeowners to complete home renovations to maximize the return on their most significant asset.

Revive helps lift the burden of finding and managing the right contractor while fronting the costs for pre-sale home improvements with no fees, markups, or additional costs to homeowners.

Revive's mission is to become partners with agents and brokerages by investing in their client's profit and providing them with game-changing solutions when selling their home. You can learn more about Revive here.


TAVANT TECHNOLOGIES

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Tavant specializes in software solutions and products powered by artificial intelligence and machine learning for a wide range of industries including fintech, proptech, and banktech.

Tavant helps improve operational efficiency, productivity, speed and accuracy in the interconnected world to succeed in a rapidly changing business environment.

In the real estate and proptech space, Tavant helps power industry leaders including Opendoor and Realtor.com. You can learn more about Tavant here.


INSPECTIFY

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Inspectify aims to develop a platform that adds value to home inspections by connecting inspectors, real estate professionals, and home buyers alike.

Inspectify helps deploy the latest technology to make inspectors more proficient and effective and make home inspections more engaging for home buyers. You can learn more about Inspectify here.


Thank you for reading our key takeaways from Inman Connect New York 2022. If you were at ICNY and didn't have the opportunity to connect with us or are simply interested in learning more about what Estated property data can offer your business, drop us a line below.

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