There is a great interview with Robert Reffkin, CEO of Compass, up on Inman today. Read the whole thing. But I saw something that really made me sit back and think, so figured I’d share it with everybody. Here’s what Reffkin said: And the third is that agents are starting to operate their business on … Read more
In the August Red Dot, The Truth About iBuyers, I made the point that the real estate industry fundamentally misunderstands what the iBuyer movement is all about: Perhaps because the pioneer of iBuyer was Opendoor, which focused on the selling experience at launch, the real estate industry has perceived iBuyers to be something like technology-powered … Read more
This will be a very brief post, as I’ve got a ton of work to do. But I had to put this up somewhere just to get some thoughts. As you can see from the image above, we are now roughly at the same point ABOVE the height of the real estate bubble in Q1 … Read more
I hesitate to write this. I really do. The reason is that I have so much admiration for Gary Keller, who is on my list of the top five most important and influential people in the history of the residential real estate industry. (The other four are: Colbert Coldwell, Dave Liniger, Arthur Barnhisel, and the … Read more
Mike Delprete, the man behind Adventures in Real Estate Tech, recently sent out an email newsletter (I can’t find the article on his website) about OfferDepot: A Keller Williams team in Phoenix recently launched OfferDepot, an instant offer play, to “help with all the confusion with cash offers vs bringing your home to market.” Why … Read more
Blogging has been very light (well, non-existent) because I’m putting the finishing touches on the July Red Dot on MLS of Choice, and… as I’m sure you’ve noticed, a site redesign! So due apologies to everyone. Then again, there hasn’t been a whole lot of news worth discussing either… until now. According to a new … Read more
It hasn’t even been 24 hours since the joint DOJ-FTC workshop on competition in real estate ended. I’ve heard quite a bit, and although one would think listening to panelists in a controlled environment talk about what ought to be truly mind-numbing topics to regular humans, I wasn’t bored at all. Not sure what that … Read more
Chances are, if you read this blog on a regular basis, you’re already aware of the op/ed by Jim Harrison in Inman News titled “It’s time to stop ignoring the crisis at NAR“. That comes on the heels of a back-and-forth between HAR (still the Houston Association of REALTORS, even if their website stands for … Read more
I seriously thought about not writing this post. For one thing, this is complicated stuff, and I thought maybe it deserves to be a Red Dot Report in the near future. That might still happen, depending on how things play out over the next few months. This is also one of my Black Swans coming … Read more