It seems pretty obvious now that the rest of the industry is waking up to the fact that iBuyer is not a blip on the radar, is not We Buy Ugly Houses with websites, and is something new altogether. The picture above and the quote from Glenn Kelman of Redfin at the recent T3 Summit … Read more
I just spent an hour glued to the TV, absolutely fascinated by what I was seeing and hearing. And no, it wasn’t the latest episode of Game of Thrones (which was rather disappointing in many ways… but I digress). I watched something normal human beings likely would not, since there are only 162 views on YouTube … Read more
In my final Red Dot, where I looked at the full year 2018 earnings results for the public companies in real estate, I titled the section on Realogy as “The Deathwatch Gets Serious.” My concerns then were centered on not just the numbers, which were historically bad, but on the strategy. I wrote then that … Read more
The other day Rob wrote a post on how Competition in Real Estate is Changing. I don’t think anyone would disagree. And it reminded me of a comment that I can’t find on another post which simply asked “What can brokers even do about it?”. That’s a sincere question worth talking about, from this Recovering … Read more
A few random, or perhaps not so random, thoughts this morning from three recent news stories. First, we get a story in the mainstream media by Andrea Riquier of Marketwatch, about Keller Williams entering into the iBuyer space: Keller Williams, the sprawling national real estate franchisor, plans to launch an instant offer service later this … Read more
Over at the WAV Group blog, Marilyn Wilson ponders whether it is time for a National IDX: Today, we have robust rules in place that allow a broker to share their active, pending and in some cases, sold listings with their fellow practitioners via a local IDX policy. What if we took that idea to … Read more
Earlier today, T360 released the Swanepoel Mega 1000 report, ranking the top 1,000 brokerages by volume and transaction sides. Obviously, this report is competing with the current industry standard, the Real Trends 500 report. T360 sent me the data they used to compile the list, and told me to write what I found interesting about … Read more
I was recently at a real estate conference for a major brand watching a panel discussion. I’m leaving names out because it’s not important to the question/point I’m making and don’t want the distraction. The panel was a younger moderator (in his 40s) and two industry executives who have 40+ years of experience each. These … Read more
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