This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

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Alex Rampella16zAlex Rampell

  • Andreessen Horowitz General Partner Alex Rampell spoke about tech companies that are disrupting the home buying experience.
  • Rampell describes the broken process of buying a home today - mainly, the fixed 6% real estate agent fee.
  • He explains that the industry is evolving to help lower the friction and bring more transparency to the process for home buyers.
  • The full video of Rampell's presentation can be found here.

At Andreessen Horowitz's annual Innovation Summit on Thursday, a16z General Partner Alex Rampell spoke about tech companies that are disrupting the home buying experience.

Rampell describes the broken process of buying a home today - mainly, the fixed 6% real estate agent fee - and highlights tech companies like Opendoor, Point, and Divvy that are each transforming the industry in different ways.

Read more: Meet the startup that's on a mission to help 100,000 people buy homes in the next 5 years, and recently raised $30 million to do so

From home discovery to purchasing to financing, Rampell explains that the industry is evolving to help lower the friction and bring more transparency to the process for home buyers.

The full video of Rampell's presentation can be found here.

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"When Software Eats the Real (Estate) World"

"When Software Eats the Real (Estate) World"

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

Reasons why the home buying experience is broken.

Reasons why the home buying experience is broken.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

The annual commissions for real estate agents in the US is around $100 billion.

The annual commissions for real estate agents in the US is around $100 billion.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

Real estate agents have pushed for the industry to become an anti-competitive market, especially when it comes to their 6% fee.

Real estate agents have pushed for the industry to become an anti-competitive market, especially when it comes to their 6% fee.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

Initially, real estate tech companies aggregated home listings.

Initially, real estate tech companies aggregated home listings.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

Today, more investments are being made in real estate tech companies.

Today, more investments are being made in real estate tech companies.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

Recent real estate tech companies are trying to solve the problems of the industry from top to bottom.

Recent real estate tech companies are trying to solve the problems of the industry from top to bottom.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

Just increasing home ownership isn’t necessarily a good thing, as we learned in 2008. Increasing the ability to own homes and what it means to own a home, Rampell believes, is a good thing.

Just increasing home ownership isn’t necessarily a good thing, as we learned in 2008. Increasing the ability to own homes and what it means to own a home, Rampell believes, is a good thing.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

Real estate as an asset class has become much more dynamic.

Real estate as an asset class has become much more dynamic.

For most people, buying a home is the most important transaction of their lives which will force these companies to innovate quickly.

For most people, buying a home is the most important transaction of their lives which will force these companies to innovate quickly.

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head

This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the 'broken' real estate industry on its head
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