60% of Home Sales by 2024 Will be iBuyer: For My Friend James Dwiggins

Okay, so just had an exchange on the Book of Faces with my good friend, James Dwiggins, the CEO of NextHome. He’s really one of the smartest and nicest guys in the business, and it’s always fun to talk industry issues. And I started to write a response and thought, why not, a short blogpost. … Read more

Important Lesson for Brokerages from Opendoor’s Eric Wu

Over the weekend, I saw a video from a session at Startup Grind Global Conference in which Eric Wu, the CEO and Co-Founder of Opendoor.com, was interviewed by Elad Gil a “serial entrepreneur, executive (Twitter, Google, Color) and investor at leading companies like Airbnb, Coinbase, Instacart, Pinterest, Stripe, Square, Wish and others.” Inman ran a story … Read more

Do Not Minimize Ragnarok: Very Serious Legal Threat, Part 2

So my flight is delayed… for hours… which usually leads to drinking. I thought I might do something else instead. Since I posted about the antitrust lawsuit filed against NAR and four large real estate companies, I’ve read a ton of comments from people who are not antitrust attorneys about why this case is frivolous, … Read more

Future of MLS Technology: Open Source Software

A couple of weeks ago, I gave a presentation at the Clareity MLS Executives Workshop in Scottsdale, AZ. It was on a topic that is near and dear to my heart, as I actually wrote a whole business plan way back in the day on introducing Open Source software to the MLS industry. I abandoned … Read more

Gotterdammerung: A Very Serious Legal Threat

I realize I just posted on the future of the MLS, and normally, I’d let posts sit for a few days to “mature” but this is far too big an event and far too big a deal to wait. In case you missed it, a class action lawsuit was filed with the United States District … Read more

Role of the MLS: Defender of the REALTOR?

As my Red Dot subscribers already know, I published the March Red Dot on the future of the Multiple Listing Service a couple of days ago. I have also been traveling nonstop since last Monday and most of my meetings and conferences have been on the MLS, so I have the MLS on my mind. … Read more

Homeowners Net More Selling to Zillow Than With a REALTOR

(Pardon me a moment while I go put on my asbestos suit for the inevitable flames coming my way.) The Zillow Group Q4/2018 earnings call yesterday was a shocker in many ways. What most people immediately focused on was the change at CEO from Spencer Rascoff to Rich Barton. I gather from social media this … Read more

What Everybody is Missing On Vaynerchukgate

Unless you have been living under a rock, you’ve seen the recent brouhaha over the video of a podcast Gary Vaynerchuk’s video where he completely shits on homeownership. In case you missed it, the first part is all about homeownership: https://www.youtube.com/watch?v=WmUyYzrcmEA The real estate commentariat more or less exploded, partly because Gary Vee has long … Read more

OK, I’ll take the bait: Upstream and CoreLogic are not the MLS

Upstream Corelogic MLS

Rob had some good questions yesterday that many in the industry are probably asking, in “OK, I’ll Ask: How is CoreLogic Threading the Upstream Needle?” For a lot of us in the industry, it can be frustrating when these questions are left hanging over a vacuum fit for conspiracies. Let’s fill some of that void, especially … Read more