It’s Friday afternoon, and my brother is landing in Las Vegas soon, so I’m outta here! But first, wanted to briefly discuss a new T3 Insight from T3 Sixty: “Expanding the American Dream.” It’s a new monthly article from the good folks over at T3 Sixty and this first one is on a topic on … 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
Over on Inman, Sam Debord, CEO of RESO, longtime friend of ours (even if we argue a bunch in public), and all around great guy penned an Op/Ed titled “Unshackling MLS data: It’s time to accelerate NOW.” I figured Sam was a supporter of the National Organization of Women, but… oh wait, different NOW. Sam … Read more
RE/MAX came into 2020 on a big upswing. Q4 was a good quarter; it was a very good quarter, in fact. And as we have already seen from Realogy, Redfin and Zillow, Q1 was a record-breaking type of quarter until COVID hit. So it’s a bit surprising that RE/MAX’s numbers came in so soft. I’m … Read more
According to its own creation mythology, Redfin was born in the dark as it was founded just before the Bubble burst. If any company knows how to navigate panic, turmoil, and a terrible housing market, it would be Redfin. They like to call themselves “the rabid squirrel.” The whole self-identity of Redfin is of a … Read more
It’s been a minute or two since I posted; blame the mundane annoyances of moving. Yes, I’m one of those people who bought a house during the pandemic and managed to move, despite all of the problems with vendors and the like thanks to government limits. I’ve also been very busy with projects and have … Read more
Since it’s been a few days since my VIP subscribers got to check out my analysis of Zillow’s Q4 earnings, I wanted to have more of a public open discussion on two incredibly important things from the Q4 earnings. Rich Barton, Zillow’s CEO, mentioned the Bob Seger song, “Turn the Page.” He was talking about … Read more
In the aftermath of a disappointing Q3, I wrote: One of my biggest takeaways from this earnings call is how much of the positive spin was put on October. For example, Karri Callahan mentions seeing some “positive traction” on agent count in October, contrasting with last October when RE/MAX lost hundreds of agents. Or there’s … Read more
One of my favorite people in the industry, Joe Rand, a broker-owner from New York, a corporate lawyer by training, and an amazing singer has penned an article for Inman titled, “Be resilient in the face of disruption: My big takeaway from Inman Connect New York.” It’s worth a read, so go do that. Given … Read more