Welcome to the fourth edition of The Appraisal, a monthly newsletter on real estate tech. My writing focuses on the 30+ public companies operating at the intersection of real estate and technology. Companies in the Real Estate Tech Index have had a good start to 2023 — the index is up 21% this year. That’s a promising improvement over 2022, in which the index declined 42% over the year. With inflation showing signs of easing and the Fed signaling a potential