I know, I know… another post about Redfin… that isn’t Part 2 which deals with the impact on parts of the industry that aren’t brokerages. But I’ve been busy, and still thinking through the impact on MLS, Associations, tech vendors, etc. In the meantime, my good friend and regular guest contributor to this blog, the … Read more
I had planned on my second post about Redfin to be its potential impact on Associations, MLS and maybe tech vendors. But you know, this whole Redfin thing is sorta big news in certain circles — tech and finance journalists as an example — and there have been a couple of interesting articles on Redfin … Read more
Redfin’s long-awaited IPO is here. Rob’s as-usual-lengthy breakdown is here. It’s full of interesting angles to consider, and some real positives for Redfin’s outlook. As you probably guessed, since I’m here guest posting again, I think a few points might need refining. Why, you might ask, would a broker be giving credit to a competitor? … Read more
Since I wrote most of the last post about Redfin’s IPO off-the-cuff without thinking too hard, I promised I would have something more substantive on Redfin’s IPO and the possible impact. Well, as it happens, I’m writing up a fairly significant white paper on the future of brokerage and this goes right to the heart of … Read more
I have been waiting, wanting, hoping for Redfin to go public for a few years now. For a bunch of reasons, mostly having to do with getting another company in real estate to have to report publicly about their operations and their numbers. Well, my wish has been granted. Redfin just filed its S-1 to … Read more
Usually, Notorious is what you might call an underground-yet-not-really phenomenon. That is, I know that almost all of the leaders of the industry read it, and I get emails, messages, and phone calls from them from time to time responding to one post or another. Very, very rarely do I get a public response from … Read more
My last post on Bob Goldberg being selected as the next CEO of NAR has sparked quite a response. Most of the private messages — even from those in top leadership positions at local, state and national levels — are of the “Boy, you hit that one out of the park!” variety. Most of … Read more
In the middle of the afternoon on Friday, June 23rd — a curious time to be releasing such major news — NAR announced that it had chosen NAR Senior VP Bob Goldberg to be the next CEO, replacing the retiring Dale Stinton. As you can imagine, I’ve had more than a few emails, text messages, … Read more
I’ve been in the mountains of North Carolina the last couple of weeks with intermittent internet service and zero cell coverage. So obviously, blogging was nonexistent. I barely responded to emails, to be honest. One interesting conversation I had with Sunny around the campfire, though, was whether investor offers are always and everywhere worse than … Read more