As you all know by now, Zillow reported its Q4 and full year 2020 earnings yesterday. It was a monster quarter. As of this writing, ZG stock is over $200 and for good reason, since Zillow outperformed even the high end of their projections in Q4. The analysts I like and follow are very, very … Read more
I love this industry, I really do. It has some of the best people I have ever met, real salt of the earth people who genuinely care about their clients, their communities, about each other, about the country, about the world. They’re real sweethearts and genuine and fun, fun people. But there are times when … Read more
Maybe I should be doing a press release or something, but we ain’t fancy like that around here. We’re a bit more down-home, take me home country roads style. Yes, I know that’s unusual for an Asian-American lawyer from the Ivy League, but that’s just how we roll here. After weeks of research, enormous effort, … 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
A couple of nights ago, I saw this news come across my feeds… but it was Sunday evening, and I needed to think about this a bit. The headline alone should give us all an idea of what’s what: CoStar Group Agrees to Acquire Homesnap, a Digital Residential Real Estate Solutions Provider Used by 300,000 … Read more
First, an apology: I meant to get this post up soon after the earnings call, but… um… I’ve been distracted by the goings on in our country. I’m sure I’m not the only one. But while that is the reason, it remains merely an excuse, and for that, I am sorry. Perhaps by the time … Read more
In case you missed it, Greg Robertson and I recorded an episode of Industry Relations on Zillow’s announcements last Thursday; it was just posted. In it, I started musing about how IDX is less of a deal than VOW, and Greg and I started to talk about what Zillow might be able to do for … Read more
I debated on writing this, since it kind of felt like a waste of time and energy to debate with someone who is so ill-informed as to what has been happening in the industry over the past few years. But at the start of Notorious ROB back in 2009, I did have a lively engagement … Read more