reAlpha Expands Homebuying Platform into Texas, Marking First Step in National Realty Rollout

Rhea-AI Summary

reAlpha Tech Corp. (NASDAQ: AIRE) has announced its expansion into Texas through the launch of real estate brokerage services, marking its first expansion beyond Florida. Texas represents a significant opportunity with over 323,000 home sales in 2024 and $112 billion in residential transaction value, with a median sale price of $347,000. The company will serve major markets including Dallas-Fort Worth, San Antonio, Houston, and Austin. reAlpha already has a foothold in Texas through its mortgage subsidiary, Be My Neighbor, which operates in 30 states since 2018. The expansion enables reAlpha to offer an integrated, AI-powered homebuying platform combining technology convenience with cost savings. The company plans to continue its national expansion to additional states in the coming months.

Positive

• Expansion into Texas, the second-most populous U.S. state, provides access to a $112 billion residential transaction market
• Established presence through existing mortgage subsidiary Be My Neighbor operating across 30 states since 2018
• Strategic entry into high-volume markets including Dallas-Fort Worth, San Antonio, Houston, and Austin
• Integration of real estate brokerage with existing mortgage services creates a more comprehensive platform offering

Negative

• None.

Insights

Real Estate Technology Investment Analyst

reAlpha's expansion into Texas's $112B real estate market extends their reach significantly and advances their national growth strategy.

reAlpha's expansion into the Texas real estate market represents a strategic milestone in the company's growth trajectory. By entering Texas—the second-most populous state with over 323,000 home sales in 2024 totaling more than $112 billion in residential transaction value—reAlpha significantly expands its addressable market beyond Florida.

This move leverages existing operational infrastructure, as the company's mortgage subsidiary Be My Neighbor has been serving Texas customers since 2018 and currently operates across 30 states. The integration of new brokerage services with their established mortgage capabilities creates a more comprehensive platform that can serve customers throughout the entire homebuying journey.

The expansion targets high-volume markets including Dallas-Fort Worth, San Antonio, Houston, and Austin—areas known for robust real estate activity. This positions reAlpha to capitalize on the substantial transaction volume in these metropolitan regions while delivering their tech-enabled platform that promises cost savings at closing.

Importantly, the Texas launch appears to be just the first step in a broader national rollout strategy, with the company explicitly stating plans to launch in additional states in the coming months. This systematic geographic expansion aligns with reAlpha's stated mission to modernize real estate through AI, data, and integrated experiences.

The company's focus on building an end-to-end platform—from search to preapproval to close—reflects the industry trend toward vertical integration and seamless customer experiences in real estate transactions. This expansion demonstrates tangible execution of reAlpha's growth strategy and significantly extends their market reach.

DUBLIN, Ohio, June 13, 2025 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), an AI-powered real estate technology company, today announced the expansion of its platform into Texas¹ with the launch of real estate brokerage services through its REALTOR® affiliate. This milestone marks the first step in bringing reAlpha’s end-to-end homebuying experience to states outside of Florida, starting with one of the most active real estate markets in the country.

Texas is the second‑most populous state² in the U.S. and recorded over 323,000 home sales in 2024, with a median sale price of $347,000, representing more than $112 billion in residential transaction value³. This expansion into Texas positions reAlpha to reach millions of prospective homebuyers through a tech-enabled, streamlined platform that delivers real savings at closing, including in high-volume markets such as Dallas-Fort Worth, San Antonio, Houston, and Austin.

“This is an exciting next step in reAlpha’s national expansion,” said Mike Logozzo, Chief Executive Officer of reAlpha. “Texas is a high-volume, high-potential market that aligns perfectly with our integrated business model. We aim to bring real value to homebuyers by combining technology-driven convenience with cost savings, and Texas is just the beginning.”

reAlpha already has an established presence in Texas through its strategic acquisition of their licensed mortgage subsidiary, Be My Neighbor, which has been serving customers there since 2018 and currently operates across 30 states. With the addition of real estate brokerage capabilities in Texas, reAlpha is now delivering a more integrated experience on its end to end platform from search to preapproval to close.

The Company plans to launch in additional states in the coming months as it scales its platform and continues executing its mission to modernize real estate through AI, data, and integrated experiences.

About reAlpha Tech Corp.
reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

Forward-Looking Statements
The information in this press release includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by our Chief Executive Officer, Mike Logozzo, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact:
Cristol Rippe, Chief Marketing Officer
media@realpha.com

Investor Relations Contact:
Adele Carey, VP of Investor Relations
investorrelations@realpha.com

¹ The reAlpha platform is currently available in 212 out of 254 counties in Texas
² https://www.britannica.com/topic/largest-U-S-state-by-population
³ https://www.redfin.com/news/data-center/

FAQ

What markets will reAlpha (AIRE) serve in its Texas expansion?

reAlpha will serve major Texas markets including Dallas-Fort Worth, San Antonio, Houston, and Austin.

How large is the Texas real estate market that reAlpha (AIRE) is entering?

Texas recorded over 323,000 home sales in 2024 with a median sale price of $347,000, representing more than $112 billion in residential transaction value.

What services does reAlpha (AIRE) currently offer in Texas?

reAlpha offers real estate brokerage services and mortgage services through its subsidiary Be My Neighbor, which has operated in Texas since 2018.

What are reAlpha's (AIRE) expansion plans beyond Texas?

The company plans to launch its platform in additional states in the coming months as part of its national expansion strategy.

How long has reAlpha's mortgage subsidiary been operating in Texas?

reAlpha's mortgage subsidiary, Be My Neighbor, has been serving customers in Texas since 2018 and currently operates across 30 states.