Just a fun little observation about a fun little piece of news making its rounds in the real estate space. Realogy, the real estate conglomerate, is changing its name to Anywhere Real Estate, Inc. Yes, I’ve already heard the jokes about how this logo is like WalMart and FedEx had a baby. Yes, I’ve already … Read more
I saw the news that the court dismissed the complaint in Leeder v. NAR, the antitrust lawsuit filed against the same defendants on the same legal theories as Moehrl and Sitzer, but from the buyer’s perspective. I didn’t comment on it as I was waiting to read the opinion, and because I didn’t think it … Read more
A reader emailed me this story, Figure and Apollo Execute Mortgage Transactions Using Blockchain Technology to Transfer Ownership: Figure has begun originating eNote mortgages that are on-boarded as unique digital assets on the Provenance Blockchain. At the same time, they are auto-registered with Digital Asset Registration Technologies, Inc. (DART), a combined lien and eNote registry system developed … Read more
Inman has the story: The 1.5 million members of the National Association of Realtors will see a $10 increase in their yearly bill from the trade group next year for its consumer advertising campaign. The trade group’s special assessment for the ad campaign started as $15 in 1999, went to $20 in 2002, $30 in 2007 and … Read more
[NOTE: I am long OPEN, and have been for a while as the self-proclaimed Biggest Bull on Market Making iBuying in the World.] I’m working on a far more in-depth look at Opendoor’s amazing Q1 results. But I had to get this off my chest. Opendoor’s stock performance is proof that Wall Street simply doesn’t … Read more
Courtesy of my buddy Keith Robinson on Facebook, I saw the latest release from Attom on Q1/2022 U.S. Home Sales. The report can be found here. The big takeaway appears to be that there was a decline in “profit margins” on median-priced single family homes: ATTOM, a leading curator of real estate data nationwide for … Read more
A reader asked for my take on the 8th Circuit decision in Designworks v. Columbia House of Brokers, the case potentially headed to the Supreme Court. I normally like to do deep dives into legal cases that impact the industry like this one does, but honestly… having read the opinion, and the three amicus briefs … Read more
As I’m sure you all know by now, headline inflation rate for March came in at 8.5% resulting in predictable corporate media coverage. CNBC gives us a pretty representative take, making sure to interview only experts who want to downplay the significance and talk up how “core” inflation might have peaked. Me, I just saw … Read more
A reader sent me this episode of Keeping It Real, a podcast/YouTube video that Nick Bailey the CEO of RE/MAX does. It was on the topic of crypto, NFT, Web3, and such featuring two expert guests: Sam Debord of RESO and Tony Giordano of Giordano Industries, a real estate coach and author. For some reason, … Read more