Welcome back to another edition of The Seven Most Interesting People in Real Estate. As in earlier years, let me reiterate that Inman does the Influencers list, Swanepoel does the Power 200 list (I help out on that list), and both are far more respected and important than this short list of mine for a bunch … Read more
Earlier this year, Sunny and I made her third (my second) move across this great country of ours in three years, landing in Las Vegas. I have to say, so far, we’re quite in love with this city. Most of you only know Las Vegas from The Strip… which is unfortunate. It’s quite like judging … Read more
Over at Forbes, Peter Smirniotopoulos, a Contributor who writes about real estate, penned an article titled, “AI, and iBuyers, Oh My! Are There Structural Limits to PropTech?” It is such a great example of how mistaken Wall Street people are about the iBuyer phenomenon and how confused some of the smartest people in the world … Read more
Back in Q2, I titled my analysis of Zillow’s earnings, “Going All In” and wrote: When Rich Barton took (back) over as CEO of Zillow earlier this year, I wrote a Red Dot and titled it, “The Return of the King.” I didn’t realize then that the king was not just a fighter, but a … Read more
Back in February, I wrote a post that is one of the top read posts of 2019. It was titled, “Homeowners Net More Selling to Zillow Than With a REALTOR.” I wrote that based on the unit economics that Zillow released in its Q1 earnings call, and I have been collecting data on Zillow Offers, … Read more
Zillow’s big event for its IMT segment — Premier Agents, Rentals and New Construction — just concluded in my (new) hometown of Las Vegas. I attended Tuesday as a member of the press, because when the United States Department of Justice calls you a “trade publication” who am I to disagree? So first, let me … Read more
In the last Phoenix iBuyer comparison, I said I was compiling some data out of Denver. Well, here it is for your enlightenment and entertainment. One thing to note: Offerpad is not active in Denver. Redfin is, but my dataset has no Redfin sales. I hope to see if I can get my hands on … 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
It’s VIP Content Week, as I am home for several days without any travel. All that changes next week, but… in the meantime, I thought it worth putting together some posts for subscribers that reflect some of the things I’ve been working on in recent weeks. One topic that keeps coming up both online and … Read more