2015 NAR Midyear Legislative Meetings: Quick Takes, Without Much Thought

I have a feeling we’re going to be talking about a whole variety of things that went down at NAR Legislative Meetings & Trade Expo (aka, “Midyear”) this year for months and years to come. It’s been a great week, but rough on the sleep schedule, so these are not exactly deeply-thought-out opinions here. It’s … Read more

Oh, California… Duty to Monitor Crazies?

I ran across this disturbing story on the Interwebz related to the horrible killings in Santa Barbara last year: A tearful mother of a college student slain in a rampage outside Santa Barbara last year said Tuesday that she and the parents of the first victims sued the county sheriff and other parties to prevent … Read more

In Which I Point Out the Obvious, With Numbers

James Dwiggins, CEO of Nexthome, has become one of my favorite commentators on the state of the industry. He’s extremely smart, has years and years of experience as a broker and now as a franchise operator, and is without question one of the tallest men in the real estate industry. (Maybe Walt Baczkowski, CEO of … Read more

On NRT’s New HomesForSale.com (Which Most Folks Are Misunderstanding)

 I know some folks think I’m a Realogy homer. Well, given that’s where I got my start in the industry, maybe I’m a little bit guilty of that whole “cut me and I bleed blue” thing. But I think I’m actually calling things as I see them; I’ve been plenty critical of Realogy when they’ve … Read more

On NRT's New HomesForSale.com (Which Most Folks Are Misunderstanding)

 I know some folks think I’m a Realogy homer. Well, given that’s where I got my start in the industry, maybe I’m a little bit guilty of that whole “cut me and I bleed blue” thing. But I think I’m actually calling things as I see them; I’ve been plenty critical of Realogy when they’ve … Read more

Tell Me Again How the MLS is the “Gold Standard” of Data Accuracy?

I’ll have some thoughts on Realogy/NRT’s new HomesForSale.com later, but I couldn’t resist this brief observation. I kinda knew the problem existed, but until this splashy website came along, we did not have the visual impact/evidence. If HomesForSale.com accomplishes nothing else, it really ought to wake up the industry (particularly the MLS) about the problem with … Read more

Tell Me Again How the MLS is the "Gold Standard" of Data Accuracy?

I’ll have some thoughts on Realogy/NRT’s new HomesForSale.com later, but I couldn’t resist this brief observation. I kinda knew the problem existed, but until this splashy website came along, we did not have the visual impact/evidence. If HomesForSale.com accomplishes nothing else, it really ought to wake up the industry (particularly the MLS) about the problem with … Read more

We Need To Talk About Fannie Mae A Bit

A couple of weeks ago, I learned about a new Fannie Mae program that was rolled out to lenders called Collateral Underwriter, or CU. From the press release: Fannie Mae created the online tool in 2013 to analyze appraisal data it had been receiving from lenders electronically since 2012. With the rollout in early 2015, … Read more

Greed Is Good: In Which I Talk to Victor Lund about the BPP

I just had a fascinating conversation with Victor Lund of WAV Group who is spearheading the Broker Public Portal effort. We discussed a variety of topics from governance to equity to internal politics, shape of the industry, competitiveness, Zillow, Trulia, brokerages, etc. etc. It was awesome, and my thanks to Victor for making the time. … Read more