Watch: What’s Happening to Real Estate Tech Stocks?

Prominent investors gathered at Inman CEO Connect in Las Vegas to discuss recent volatility in the value of real estate tech companies.

In-man events are the best way to connect.Gain insight and network at this October virtual conference Inman Connect where The industry playbook for the fall marketSo join us in January Inman Connect New York, directly or virtually. Book your ticket now. the price goes up.

The first few months of 2022 have been challenging across financial markets, with real estate investors bearing some of the losses.

Publicly traded brokerages and real estate tech companies have lost significant value since the beginning of the year, and are losing their share prices that have risen significantly in 2021.

But while stock prices may continue to soften over the next few months amid subdued housing market activity, several high-profile investors who attended Inman CEO Connect in Las Vegas earlier this month said they believe the long-term still ranks high in this category.

GCA Advisors Chris Gough analyzes the performance of real estate tech stocks at Inman CEO Connect in Las Vegas earlier this month. (Photo by AJ Canary of Moxiworks)

Chris Gough, managing director of GCA Advisors, shared with a number of executives numbers detailing the 27% year-over-year decline in real estate tech stocks. Performance of listed brokerage firms has deteriorated further, he said.

Among other themes, the investor panel discussed how the current difficult business environment is forcing some of these companies to find a faster path to profitability. This is a step that could benefit current and future investors.

Watch their full discussion in the video at the top of this page.

Email Daniel Houston

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *