Last couple of days, I’ve given presentations and sat on a panel discussion talking about the class action lawsuits against NAR over the issue of commissions. I thought most people knew about these all-important cases that are making their way through the federal courts. Apparently, only about half of the REALTORS had even heard about … Read more
From Prof. Anthony Sanders over at Confounded Interest, one of the best housing economics blogs out there, we get this story: Miami, Tampa, Dallas and Phoenix (red states) are growing at over 30% YoY. Boston, Chicago, Cleveland, Detroit, Minneapolis, New York, Portland and Washington DC (blue states) are all growing at over 10% YoY. Cleveland … Read more
I had originally planned on the Four Horsemen series to be five parts: the four Horsemen, plus a wrap-up laying out the consequences for the real estate industry. But as I mentioned in part 5, a couple of you have asked for a slightly medium-to-longer term post-apocalypse outlook on the industry. Once the dust settles, … Read more
At last, we come to the end of this dismal series. While it has been dismal, some of your emails and private messages have been very kind and encouraging. Dark these thoughts may be, but some of you share them and there is a comfort in knowing we’re not alone. (Update: but see below in … Read more
I haven’t written in a while. Part of it is being extremely busy with work, which I hope to be able to tell you all about soon, but a big part of the reason is dread. I keep looking for white pill stories, visions of a bright future, or at least some kind of a … Read more
This is going to be a long and personal post. If you’re more interested in analysis of real estate companies, identifying major trends affecting housing, or explanation of things like web3 and real estate… go ahead and skip this one. This one is for me and maybe, just maybe, for a few of you who … Read more
As most of you know, I used to do in-depth updates for each of the publicly traded companies in the residential real estate sector. Since I’m not an investment analyst, my interest was always on what the public information these companies had to disclose signifies for the real estate industry as a whole. I still … Read more
I really enjoyed this conversation with Tom Woiwode who is not only the broker-owner of a large regional real estate brokerage, Coldwell Banker Access Realty with 13 offices throughout Georgia and South Carolina, but also owns Seabrook Classics, a high-end custom furniture maker, and Savannah Millworks, a custom wood products manufacturer. He’s also on the … Read more
I spent Sunday morning cleaning up some crap in my office. I threw out a bunch of old papers, crap I didn’t even know I had (how does this stuff just accumulate?), and then listed a couple of things on Ebay that I couldn’t bring myself to throw out. (If you need a cheap 1080p … Read more