Happy Friday, everybody. Has it really been almost a month since I did one of these? It sure does look that way, since my last real Quick Takes was on 11/1. Mea culpa! Mea maxima culpa! My only excuse is that I made poor choices as a young man, which led to becoming a consultant … Read more
I am alternatively furious and despondent that this post has to be written in 2019. But it has to be. In case you missed it, Newsday, the local newspaper for most of Long Island in New York, ran a three year investigation into racial discrimination and steering in real estate. They just published their findings … Read more
In today’s episode of the Notorious Interview, I have a fantastic conversation with a pair of economists from Zillow Research, which publishes an annual Consumer Housing Trends Report. It is one of the best research studies on what is happening on the ground with buyers, sellers and renters. Ms. Olsen is the Director of Economic … Read more
In today’s episode of the Notorious Interview, I talk with Jarred Kessler, Founder & CEO of EasyKnock, the most interesting company in our space I had never heard of. I corrected that oversight, obviously, and I thought you should too. EasyKnock is hard to classify: it’s kind of like a blend between a bridge loan … Read more
On Saturday, the MLS Policy Committee of NAR approved the proposed Clear Cooperation Policy (also known as MLS Policy 8.0) as written and forwarded it on to the Board of Directors for approval on Monday. I would like to urge the Board of Directors to pass Policy 8.0, but immediately begin addressing one of the … Read more
Earnings Week content keeps rolling on! It’s time we took a look at Realogy, the bellwether for health of traditional real estate brokerage. I wish I could report some joyful news on that front, but alas, I just can’t. Realogy is still profitable, generating good free cash flows, and still making some moves. It’s just … 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
Redfin’s Q3 results showed a solid rebound from a rather disappointing Q2. It looks great all around, with revenues, profit, market share, etc. all up and up very healthy. Agent productivity is up, traffic is up, and Redfin Now is a $80 million business in Q3. So all in all, a very nice rebound. There … Read more
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