Over on the Raise the Bar Facebook Group, I posted a question to the thousand-plus members: Question for this group, because it has so many ultra-engaged and informed people in it. If your MLS proposed to change fees from a flat-fee subscription to a percentage of closed transaction (NB: FMLS in Atlanta area does this), … Read more
I think this might be a bleg (that would be a blog/beg) for help in making sense of some recent buyer data. Some of this just makes so little sense to me that I’m asking the Notorious community for assistance. The buyer data comes from Redfin. I’m focusing on it because I know Redfin’s corporate … Read more
Courtesy of NAR Research — one of the more valuable things on Facebook — comes this CNBC article on how investors are flooding the residential real estate market: The number of homes sold to investors more than doubled last year, as rising rents and low-priced distressed properties fueled demand. Investors, half of them using no … Read more
Patrick Healy, the proprietor of Phacient, is a longtime friend from benighted Onboard days, through doing Lucky Strikes Social Media Club (which he has taken leadership of), and general RE.net camaraderie. He posted his thoughts on the whole syndication brouhaha on his blog, which was then picked up by GeekEstate. His point is that real … Read more
The perennial discussion around “what makes an agent bad, good or great” has taken an interesting turn. Some sixty odd comments into the thread, which featured numerous adjectives, we get this exchange between two brilliant people who know of which they speak. Josette Skilling, a REALTOR from Maryland, wrote: Great is in the eye of … Read more
Things have been so weird and so negative in real estate for so long that I feel like Notorious has become some sort of a gloomy doom-porn blog, which isn’t exactly my intent. So it makes me happy to report some sunshine and happy stuff for once. The new Coldwell Banker TV advertising campaign absolutely … Read more
Longtime readers of this wee little blog of mine know that one of the topics I revisit from time to time is about REALTORS and physical security. My last post on the topic was a sad one, and one in which I advocated that real estate agents — in particular female real estate agents — … Read more
Part 1 is here, and Part 2 is here. Thus far, we have explored why Redfin 3.0 is significant, and the hypothesis that the real estate consumer cannot, will not, or in any event does not form relationships with companies or with brands, but only with another person: the agent. We have looked at the … Read more
I had to interrupt my series on Redfin 3.0 and what it might mean for brokerages because parts of the RE.net just blew up over the past day or two. AgentGenius (AGBeat?) reports that there is a dispute going on in Austin, Texas, between a group of brokers and agents (who mostly serve the … Read more