Opendoor reported its Q4 and full year 2021 earnings last Thursday, and I needed to take some time to think through things. Long story short, Opendoor blew the doors wide open with its performance. It has replaced Redfin as the most important company in residential real estate, and it’s on the heels of Zillow to … Read more
Welcome to yet another edition of the Seven Predictions, sure to be wrong or your money back. This is one of my favorite annual traditions around this time of year, and whatever the changes in focus to the blog, I’ll have to keep this one up. For those keeping track at home, I just published … Read more
Three years ago, I wrote a post titled, “The Case for iBuyer Becoming the Default.” It came up in my social media feeds, thanks to the hard work of my social media manager. And the timing couldn’t have been better, since I’ve been thinking that I need to reassess iBuying as a category in light … Read more
I’m still traveling around the country, but wanted to jot something down real quick from a random hotel room in Houston. Based on this story in Business Insider about Project Ketchup, I’m expecting fantastic things from Opendoor’s earnings call. [Note: I own OPEN in my personal portfolio.] All of the jubilation from the industry about … Read more
I was asked multiple times over the last few days about Zillow pausing its iBuying business, over email from some of you and in person at Inman that concluded last week. I haven’t written on it because I didn’t think it was a big deal, and others have already written on it. But since I’ve … Read more
When Opendoor reported its 2020 results, I was so impressed that I went out and broke my own self-imposed rule and bought some shares. It’s a small position but it is a position, and I’m long Opendoor. Well, the Q1 results lead me to believe I’ve made the right choice, despite the markets disagreeing with … Read more
Opendoor reported its Q4 and full year 2020 results a week ago, and I couldn’t get to looking closer at them until now. What I’m seeing is impressive as hell. It’s so impressive in fact that I broke my own self-imposed rule and decided to go long on Opendoor. So yeah, take everything I write … Read more
After my last VIP post about money supply and possible asset bubble (?) in housing, I got a couple of emails from people asking what if any impact there might be on iBuyers as a result. I hadn’t thought hard about that, but it’s an interesting question. With some research, I’m leaning towards the idea … Read more
Welcome to the fifth installment of an annual tradition around here: the Seven Most Interesting People in Real Estate, the 2020 Pandemic Edition. This was a weird year, to say the least, and it isn’t over as I start this post. You know that word that was so popular all through 2020? “Unprecedented?” Yeah, unprecedented … Read more