It’s been a while, hasn’t it? I apologize to you all, but I’ve been neck-deep in a very important project that’s taken months of my life to setup. The last few weeks have been pretty intense. I’m not quite ready to unveil it just yet, but soon… soon…. But having found a couple of hours … Read more
After the past week, it is rather delightful to be writing about real estate issues for a change, rather than big social questions and difficult issues. Without further ado, let’s get into it. Mike DelPrete, a consultant and analyst of real estate technology, sent an email to his list today with the title, “iBuyers Turning … Read more
In the next couple of weeks, we’ll get earnings releases from Zillow. I wish we get earnings reports from Opendoor and Offerpad, but… hey, we can only look at what we can look at. So I completed my analysis of Q4 iBuyer numbers out of Phoenix, where I have the best dataset. Let’s see what … Read more
Q3 earnings reports are mere weeks away, which means that Q3 has been over for a couple of weeks. That means I got my hands on some new iBuyer data. I’m compiling some Denver data (which I’ll post later in a different post) but the easy comparison is for Phoenix. In case you don’t recall, … Read more
Brokerages and national franchises partnering with big money companies to offer iBuyer services appears to be all the rage these days. Realogy was first, partnering with Home Partners of America, for its cataLIST program. Redfin was next, partnering with Opendoor… while saying that they plan to compete head on against their partner in overlapping markets. … Read more
Okay, so just had an exchange on the Book of Faces with my good friend, James Dwiggins, the CEO of NextHome. He’s really one of the smartest and nicest guys in the business, and it’s always fun to talk industry issues. And I started to write a response and thought, why not, a short blogpost. … Read more