Okay, it turns out that Part 2 was the difficult one to write, because of how complicated organized real estate is. Part 1, the impact on brokerage, is here in case you missed it. The final question is the impact on technology vendors in real estate. They are actually a pretty important part of the … Read more
I have to be honest here. I thought this post would be easy to write after Part 1, where I talked about impact on brokerages. Turns out not to be the case. There are several reasons why, but the biggest is that there are a lot of “if-then” branching scenarios that made me get into … Read more
I know, I know… another post about Redfin… that isn’t Part 2 which deals with the impact on parts of the industry that aren’t brokerages. But I’ve been busy, and still thinking through the impact on MLS, Associations, tech vendors, etc. In the meantime, my good friend and regular guest contributor to this blog, the … Read more
I had planned on my second post about Redfin to be its potential impact on Associations, MLS and maybe tech vendors. But you know, this whole Redfin thing is sorta big news in certain circles — tech and finance journalists as an example — and there have been a couple of interesting articles on Redfin … Read more
Redfin’s long-awaited IPO is here. Rob’s as-usual-lengthy breakdown is here. It’s full of interesting angles to consider, and some real positives for Redfin’s outlook. As you probably guessed, since I’m here guest posting again, I think a few points might need refining. Why, you might ask, would a broker be giving credit to a competitor? … Read more
Since I wrote most of the last post about Redfin’s IPO off-the-cuff without thinking too hard, I promised I would have something more substantive on Redfin’s IPO and the possible impact. Well, as it happens, I’m writing up a fairly significant white paper on the future of brokerage and this goes right to the heart of … Read more
I’m packing for a two-day road trip, after which I will be in the mountains of North Carolina as opposed to the swamps of Houston for a couple of weeks. But I wanted to share a couple of random semi-amusing thoughts I’ve had in the last couple of days. Maybe you’ll find them amusing as … Read more
I recently amused myself – and a few others – when I Facebook trolled the CEO of Zillow, Spencer Rascoff for offering a million dollars to anyone who could fix their “Zestimate” algorithm. My solution was simple – “Hire a REALTOR®” Then I suggested he send the million dollars to the Beverly Hills/ Greater Los … Read more
I recently amused myself – and a few others – when I Facebook trolled the CEO of Zillow, Spencer Rascoff for offering a million dollars to anyone who could fix their “Zestimate” algorithm. My solution was simple – “Hire a REALTOR®” Then I suggested he send the million dollars to the Beverly Hills/ Greater Los … Read more