[NOTE: I am long OPEN and have been for a while as the self-proclaimed Biggest Bull on Market Maker iBuying in the World. None of this is investment advice or solicitation; it is education/entertainment from an industry analyst perspective.] Q1 of 2022 is when I will mark a major turning point in the history of … Read more
I’m not at Inman New York for a variety of reasons, and apart from a hot karaoke night, I’m not feeling the FOMO yet. However, there is one interesting thing to come out of the event based on reporting on Inman. To make it interesting, I have to connect the dots from three separate articles. … Read more
A recent conversation over at GEM (Geek Estate Masterminds) inspired me to look into something. That something turns out to be a very real use case for the metaverse beyond just gaming and cool factor for the cryptogeek crowd. Granted, I’m already on record as saying that the metaverse is the future of the workplace. … Read more
A reader sent along a short note that JP Morgan wrote after a meeting with CoStar “where management outlined the strategy for residential real estate and provided a couple demos/screenshots from its solutions.” It’s an interesting set of observations by Wall Street and I thought I’d tag along and see what I thought about their … Read more
Opendoor reported its Q4 and full year 2021 earnings last Thursday, and I needed to take some time to think through things. Long story short, Opendoor blew the doors wide open with its performance. It has replaced Redfin as the most important company in residential real estate, and it’s on the heels of Zillow to … Read more
I think it’s safe to say that I was reeling in a bit of shock and disappointment last quarter, when Zillow abruptly quit the iBuying business. I thought for years that Zillow’s overall strategy made perfect sense, and that becoming the market maker for residential housing was at the center of that strategy. So I … Read more
I’ve got a packed afternoon, but wanted to get this up for your weekend reading pleasures. It’s mostly me looking at some data and asking what the hell? Came across this very interesting infographic while surfing the interwebz on the cost of space flight: The key phrase for me was the “Today, launching a spacecraft … Read more
It’s late at night. I do my best thinking right about now, when most sane people are asleep in their beds. And one topic that I was discussing with a friend earlier today keeps me awake. That topic is privacy. I read comments from time to time talking about privacy concerns. A recent comment on … Read more
Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry. In this episode, I think out loud about AVMs, appraisers and the future of valuation at least for purposes of lenders. I’ve been researching and investigating valuations and appraisals in … Read more