I’ve been extraordinarily busy due to a bunch of deadlines for a couple of projects. That isn’t an excuse, or an apology, but a setup since it was research for one of those projects that leads to this post. Let’s not bury the lede: On current trends, Redfin will overtake Realtor.com as the second most … Read more
https://www.youtube.com/watch?v=-1_9WYllhiQ Without question, the big topics coming out of NAR Midyear Legislative Meetings were about RPR-AMP, Upstream, and the future of the MLS. I’ve already written a few posts about them, and expect to write more in the future. But lost in all of that was a big rebrand and relaunch by Move of Realtor.com. … Read more
This is one of those posts I write from time to time to figure out what I think about an issue. For now, that issue is trying to discern the possible direction of the residential real estate industry in the U.S. If you’re an agent and only care about something that will have a direct, … Read more
https://www.youtube.com/watch?v=5AIYYjYWgWc By now, any reader of mine has heard about Listhub and Zillow waving goodbye to each other. As the great American philosopher Louis CK once observed, “No good marriage ever ends in divorce.” Clearly, this divorce was coming for years and years. I’m writing this in large part to figure out what I think … Read more
I meant to get this up days ago, but between travel, client engagements, other writings, and an upcoming vacation, I just couldn’t. But if you’ve missed Part 1, you can check it out here. In a nutshell, part 1 worries about whether the acquisition would be allowed to proceed without the government requiring that ListHub … Read more
By now, I’m sure any reader of mine knows that we have seen the second major blockbuster deal in the digital real estate space, with Rupert Murdoch’s News Corp agreeing to buy Move, Inc., the operator of Realtor.com, Top Producer, Tiger Leads, ListHub, and other brands. It’s an all-cash offer of $21 per share, which … Read more
I realize that the news of the day will be the News Corp buying Move, which certainly requires some thought, but since important details are missing from that story as yet and may not be clear for months to come… I figured I should take notice of another sort of significant story that just crossed … Read more
[EDIT: Please see the clarification posted below.] I’ve been hearing rumblings about a big game-changing deal for a couple of days, and this morning, it’s been confirmed. Listhub, a Move entity, has acquired Point2 from Yardi, bringing all listings syndication in the United States under one roof. From Celeste Starchild, General Manager of Listhub: Move … Read more
By now, every reader of this blog knows that one of the biggest deals in recent memory (if not ever) just went down this morning: Zillow, Inc. (NASDAQ: Z) today announced that it has entered into a definitive agreement to acquire Trulia, Inc. (NYSE: TRLA) for $3.5 billion in a stock-for-stock transaction. The Boards of Directors of … Read more