EP71 - Proptech at a crossroads: Data, M&A, and the quest for vertical integration
31 Jul 2025
Proptech is evolving, albeit at different speeds across sectors. KBW’s Ryan Tomasello joins our hosts, Omar Eltorai and Cole Perry, to explore how data access, market consolidation, and the drive toward vertical integration are shaping both residential and commercial real estate technology stacks. From digital mortgage platforms and MLS disruption to CRE’s fragmented data landscape, get an informed view of where real estate technology stands today, and where it’s headed.
Resources Mentioned:
Chapters
01:30 Overview of KBW and market perception
04:00 Trends in real estate technology
06:50 Mergers, acquisitions, and funding trends
08:45 Macro trends affecting real estate tech
17:29 Commercial real estate technology
25:28 The future of MLS and residential real estate
30:26 The rise and fall of iBuying
Your hosts
Ryan Tomasello
Managing Director
KBW
Omar Eltorai
Director of Research
Cole Perry
Associate Director of Research
