Last week, I saw something that is not an uncommon sight here in Las Vegas. This was parked outside my office building. That is a 2021 Lamborghini Urus (it had paper plates still on it). This is a car which starts at $222K but with options and such, it’s normally for sale around $300K. I … Read more
I promised a Part 2 where I would treat the subject of regulation, which I think is the real Big Guns of the upcoming war between the United States and NAR. If you missed Part 1, where I dig into why the US DOJ pulled out of a settlement with NAR (which it has never … Read more
[UPDATE: To celebrate Independence Day, I’ve decided to make this one open to everyone. My VIP subscribers have mostly already read it over the weekend anyhow, and the issue is important enough to the industry as a whole that I thought it an appropriate July Fourth gift of sorts. Yay, ‘Murica!] I was traveling most … Read more
As the country steadily moves towards #RenterNation, the future of brokerage may be in a combined horizontally integrated company that offers services in property management, leasing, and property sales. I speak to Scott Brady, owner of Progressive Property Management, Progressive Association Management and Partners Real Estate Group, and a pioneer in the combined prop. mgtm … Read more
For a variety of reasons, I’ve gotten interested (again) in blockchain technology. The last time I really addressed this was back in August of 2019, when I wrote ShelterZoom, Blockchain and Real Estate. In that post, I think I was rather skeptical, writing: TL;DR: Blockchain might be the future, but it isn’t the present or … Read more
As it now stands, there are more real estate agents than homes on the market right now. Million acres reports: At the end of January 2021, there were 1.04 million homes on the market in the U.S (down 26% from 2019’s inventory), the fewest homes on the market in nearly 40 years. Meanwhile, the National … Read more
I’m super busy with a couple of important projects, and I’ve been up in the mountains celebrating the Sunny Freedom Tour ’21, so time is a bit short. But I did want to share something that I thought was interesting. As you know, I’m of the opinion that real inflation is way higher than the … Read more
Have any of you been keeping up with NFT’s? They are the latest and greatest get-rich-quick scheme that is just a bunch of internet trolls using decent marketing to sell mediocre artwork for outrageous sums of money. That’s all, right? What are NFT’s? It turns out NFT’s, or non-fungible tokens, might change the way we … Read more
Given the HOT activity the residential market has had since the covid pandemic, how would you, if you had to guess right off the bat, assume the big players’ stock is doing? Realogy, Zillow, eXp, ReMax, Redfin, Opendoor, Compass, Fathom Holdings…which one has had the most impressive 2021? But first, without looking at the numbers … Read more