[VIP] Realogy Q1/2019: Things Done Changed

In my final Red Dot, where I looked at the full year 2018 earnings results for the public companies in real estate, I titled the section on Realogy as “The Deathwatch Gets Serious.” My concerns then were centered on not just the numbers, which were historically bad, but on the strategy. I wrote then that … Read more

[VIP] Don’t Tell Yourself Pretty Lies About iBuyers, Part 1: Economics of iBuyer

Recently, there was an excellent post about iBuyers from Homebloq, a company that appears to sell some sort of a mobile app “connecting Chicago brokers and buyers” according to the website. The blog is not signed, but I think it’s written by Austin James, the co-founder of Homebloq, and is titled, “How iBuyers Die.” I’ve … Read more

Competition in Real Estate is Changing

A few random, or perhaps not so random, thoughts this morning from three recent news stories. First, we get a story in the mainstream media by Andrea Riquier of Marketwatch, about Keller Williams entering into the iBuyer space: Keller Williams, the sprawling national real estate franchisor, plans to launch an instant offer service later this … Read more

Is It Time to Stop Solving Yesterday’s Problems?

Over at the WAV Group blog, Marilyn Wilson ponders whether it is time for a National IDX: Today, we have robust rules in place that allow a broker to share their active, pending and in some cases, sold listings with their fellow practitioners via a local IDX policy. What if we took that idea to … Read more

The Most Important Article for REALTOR Leaders to Read: The End of Aspiration

I’m busy and about to head off to a strategy session, but I had to share this with you all — especially with those who are in leadership positions in REALTOR Associations and local/regional MLSs. I may have thoughts on this in the future, but for now, let me just tell you that this might … Read more

The Curse of Experience, the Real Estate Edition

I was recently at a real estate conference for a major brand watching a panel discussion. I’m leaving names out because it’s not important to the question/point I’m making and don’t want the distraction. The panel was a younger moderator (in his 40s) and two industry executives who have 40+ years of experience each. These … Read more

60% of Home Sales by 2024 Will be iBuyer: For My Friend James Dwiggins

Okay, so just had an exchange on the Book of Faces with my good friend, James Dwiggins, the CEO of NextHome. He’s really one of the smartest and nicest guys in the business, and it’s always fun to talk industry issues. And I started to write a response and thought, why not, a short blogpost. … Read more

Important Lesson for Brokerages from Opendoor’s Eric Wu

Over the weekend, I saw a video from a session at Startup Grind Global Conference in which Eric Wu, the CEO and Co-Founder of Opendoor.com, was interviewed by Elad Gil a “serial entrepreneur, executive (Twitter, Google, Color) and investor at leading companies like Airbnb, Coinbase, Instacart, Pinterest, Stripe, Square, Wish and others.” Inman ran a story … Read more