Stephen Sheldon : First one here, great to hear about the pipeline with larger teams. Also seem like the data implies that your average home price in 2Q transaction volume was up quite a bit sequentially. So I’m curious, are you seeing a move up in the price range of homes that your agents are transacting? And if so, is that something that’s just naturally happening? Or is there also any support from adding more agents focused on higher-end homes, luxury homes to your platform? Just any detail there.
Tamir Poleg : Actually, if we compare the average home price sold on our platform last quarter compared to the second quarter of 2022, we see a 0.8% decline. So that’s kind of quite in line with the market conditions. We are seeing prices going up naturally. So I expect that the median or average price point will increase accordingly. At the same time, we are seeing more of, let’s say, luxury agents joining us. We had a big announcement of a person, an agent called Kofi that joined us last week, huge splash. He’s focused on the luxury market, and we think that, that will attract more agents that are just focusing on higher price points. So I wouldn’t expect a big jump, but probably kind of a steady increase in the price point that we’re handling on the platform.
Stephen Sheldon : Got it. That’s helpful. And then it sounds like we’ll get the full release, the consumer-facing solution here in the fall, which is great. Just curious what the initial feedback you’ve gotten from those consumers. I think you’ve been running some beta programs there in recent months. So curious kind of what feedback you’ve received from consumers that have been participating in that and kind of how you say as you kind of roll this out, what do you think it will allow your company to do?
Tamir Poleg : I have to say that we are extremely excited about the consumer-facing app that we’re building, and we have to remember that this is something that nobody has tried before. So there are a lot of unknowns and a lot of things that we just have to try by ourselves, and we don’t have any data points to rely on. This is why it’s so complicated and it’s taking a little bit of time. But yes, we have been experimenting with some components. We do not have a ready app. So the app was not used by the consumers. However, some of the components were used by the consumers, for example, our Fast 14 mortgage offering, which allows the agents a guaranteed closing within 14 days from their loan application and we have done a few of those.
And the feedback was just amazing. I mean both our agents and their clients were just amazed by the fact that we were able to close on one occasion in 10 days. So being able to provide a clear to close within 10 days of loan application is something that doesn’t happen every day, and we want to make it standard long term. I think that we are starting to see a future where the home-buying journey is just seamless and convenient and quick and just eliminate all of the friction and the pain that exists at the moment. So I think that as the time goes by, we are getting more and more energized and excited about the consumer-facing offering that we’re building.
Operator: Your next question is coming from David Marsh from Singular Research.
David Marsh : Congratulations on the quarter and achieving EBITDA positive. It’s an impressive accomplishment. Let me start with the Title business. Could you provide us an update with regards to the Title business and how many states are rolled out in? And how many transactions have actually run through it in the most recent quarter?
