It’s tough to deliver such a fantastic quarter as Redfin did in Q4 of 2019, and for the full year of 2019. I mean, they just beat ass all over the place. Revenues, profits, traffic, productivity — Redfin just about killed it across the board. The one exception comes from its iBuyer business, RedfinNow. And … Read more
It’s good to be home and be able to write and think out loud on issues that might impact the industry. It’s doubly good to be able to do it with the best audience out of the most informed readership in the industry. I’m actually a bit surprised that others who are far more tech-focused … Read more
As you know, I’m a huge bull on the Market Maker iBuyer concept. You could call me the Cretan Bull on that idea, since I’m on record as suggesting it will be 60% of transactions by 2024. (Sure to be wrong, but… I win even if I lose since I get to hang out with … Read more
In the next couple of weeks, we’ll get earnings releases from Zillow. I wish we get earnings reports from Opendoor and Offerpad, but… hey, we can only look at what we can look at. So I completed my analysis of Q4 iBuyer numbers out of Phoenix, where I have the best dataset. Let’s see what … Read more
In a previous post, I talked about pretty lies that brokerages tell themselves to feel better about things, even though they know deep in their hearts that none of those will actually solve their problems. If you read that post, you know that I’ve been telling myself pretty lies about my weight and physical condition … Read more
I gather that with 2020 just around the corner, navel gazing and thinking big thoughts about the ’10’s have become a relatively popular activity. Hell, I did it myself on the Industry Relations podcast with Greg Robertson. But I’m going to do it again, in writing, because it helps me think things through. What’s sort … Read more
Well, so I guess I forgot to do this last year so I can’t call it an annual tradition anymore. But it’s that time of the year to grade myself on predictions made and how I did. We’ll do a double-header this time, grading both the 2018 Predictions (link goes to Inman.com) and the 2019 … 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
I was on a conference call earlier with a client discussing an upcoming strategy planning session, and one of the people raised a very interesting and a very good point. He said that if we don’t clearly define the problems, it’s very difficult to do good strategy. I couldn’t agree more. But as we kept … Read more