Over at Inman News, Jay Thompson, one of the original RE.net bloggerati, has returned to blogging in triumph with his post “Are iBuyers Going to Ruin Everything for Agents.” Read the whole thing. Jay has been busy with other things, like being the face of Zillow to the real estate industry, the last several years, […]
I’m deep into writing the October Red Dot, but Andrew Flachner of RealScout sent me a personal email this morning with his Open Letter to the industry attached. He’s spoken to me before about this initiative, and asked if I would write about it. Well, the Open Letter is now published, and Inman News has […]
Just thought I’d drop a brief (well, for me) note here about Opendoor’s acquisition of Open Listings, in between preparing for hurricane Florence…. Inman News has the story: Flush with hundreds of millions in venture funding, the fast-growing home-buying and selling startup Opendoor is making its first acquisition: Open Listings, a discount brokerage with a team of salaried in-house […]
Reader Ben Thompson asked me in a recent comment if I would opine on the topic of the impact of (and to, I would think) various companies in a buyer’s market: Sorry to trend off topic, but Rob kindly please consider writing a blog post on the impact of companies like Redfin in a buyers […]
In the August Red Dot, The Truth About iBuyers, I made the point that the real estate industry fundamentally misunderstands what the iBuyer movement is all about: Perhaps because the pioneer of iBuyer was Opendoor, which focused on the selling experience at launch, the real estate industry has perceived iBuyers to be something like technology-powered […]
I’m still in recovery mode from thyroid surgery on Friday (it went great, thank you to all who have messaged me) but wanted to throw out a quick reaction to the news coming out of Zillow in its Q2 earnings report. Rest assured, I’ll be covering this in some depth at some point, probably. For […]
I seriously thought about not writing this post. For one thing, this is complicated stuff, and I thought maybe it deserves to be a Red Dot Report in the near future. That might still happen, depending on how things play out over the next few months. This is also one of my Black Swans coming […]
[Note: I advised Zillow on its communication plan for rolling out the program I discuss herein. I do not have an ongoing relationship with Zillow.] I assume that by now anybody who is reading Notorious is aware of the big announcement from Zillow: Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which houses a portfolio of the largest […]
One of my recurring dreams is that some kind of IPO fever sweeps real estate, and dozens of brokerages go public. I want to see KW’s numbers, hear Hoddy Hanna on an earnings call, gain transparency into what Kuba over at RealtyOne is thinking, etc. I can’t wait for Compass to go public, so we […]
One of the biggest changes in the industry as we entered 2018 was a changing of the guard atop the largest real estate company in the U.S. as Richard Smith, CEO of Realogy stepped down, and Ryan Schneider, formerly of Capital One, stepped up. I thought it was all kinds of interesting that Realogy, which […]
