One of my favorite moments in recent earnings calls came when Glenn Kelman, CEO of Redfin, used the phrase “delayed blast fireball” in an actual call. I ended up naming my writeup that, because as a former AD&D Dungeon Master, I got a real kick out of just how legit a nerd Kelman probably is. … Read more
Realogy was one of the first public companies in residential real estate to report Q1 earnings… and it was more or less what was expected: Q1 came in strong, even with the crash towards the end of the quarter with COVID. This was always going to be the case for Realogy and everybody else in … Read more
It’s been a minute or two since I posted; blame the mundane annoyances of moving. Yes, I’m one of those people who bought a house during the pandemic and managed to move, despite all of the problems with vendors and the like thanks to government limits. I’ve also been very busy with projects and have … Read more
Happy Tuesday, fellow house-arrest detainees! This will be a short post, at least by my standards, as I have other bigger posts in the works, but wanted to get this out. So I’m one of those who bought a house during the pandemic, and moved during the lockdown. (Real estate is categorized as an essential … Read more
Earlier today, I posted a request to speak to some of my Facebook friends who are deeply involved with REALTOR Associations, local, state and national. I’m trying to work out something for the future of the Association, post-COVID. Turns out, I have numerous friends who are deeply involved, which isn’t surprising given my career path. … Read more
I don’t often check the “message request” function on Facebook, but did so earlier today and found a request from a reader, Shelley Scanlin, from the state of Houston in the Republic of Texas: Hi Rob, would love to see you do a piece on w2 brokerages and if this has changed your opinion on … Read more
Since my last quick take on this, I have had more time to investigate, research, and talk to a wide variety of people from the real estate and financial worlds. I am more convinced than ever that iBuyer will return with a roar when this current shutdown is over, and why people in the real … Read more
Was just sent this article on The Information by a reader, which says that Opendoor has laid off more than 600 people today: Home-buying startup Opendoor laid off more than 600 employees Wednesday, one of the deepest cuts from a private tech firm since the coronavirus outbreak sent the economy into a tailspin. The layoffs … Read more
In normal times, today would have been Uncle Sam’s favorite day of the year: Tax Day. But of course, we’re all on lockdown, including the IRS to some small extent. So… since y’all are also on lockdown, I thought you might find this latest episode of Industry Relations interesting and entertaining. Greg and I discuss … Read more