Happy Friday everybody. I’m back from the road, because, yeah, that started again. I wasn’t thinking of writing anything today, but then I heard the latest Randing and Raving from Bill Risser and Joe Rand. It’s an entertaining podcast because Bill and Joe are super entertaining guys. Go subscribe! In any event, the question that … Read more
As I’ve written about already, Millennials, recently dubbed the largest American population, are earning less and less of what their Baby Boomer parents did. Even with expensive college degrees, Millennials are still making less. What is worse, if you don’t have a bachelor’s degree, your earning potential is the same as it was in 1968. … Read more
Late last week, Rob and I connected and, once again, he gave me some feedback on my work. His latest recommendation is that I familiarize myself more with the current broker landscape. His June 2018 Red Dot on Zillow, Redfin and Realogy is where I have begun taking a deep dive. While I don’t expect … Read more
What is the American Dream, Really? Yesterday, Rob asked me whether or not I believe in the American Dream. I said, “Yes,” and began to expound on how much exciting innovation there is taking place and how that is representative of a healthy, vibrant economy with endless opportunities for all. Look at all of the … Read more
Opendoor reported its Q4 and full year 2020 results a week ago, and I couldn’t get to looking closer at them until now. What I’m seeing is impressive as hell. It’s so impressive in fact that I broke my own self-imposed rule and decided to go long on Opendoor. So yeah, take everything I write … Read more
I am tremendously excited to bring you a new project, The Blueprint Sessions. What the hell is that? The Blueprint Sessions is a monthly podcast for exceptional founders of exceptional Real Estate startups. Basically, it started with me and Albert having a discussion one night over dinner: 1. Who are the people disrupting the real … Read more
In this episode, I speak with a longtime friend of Notorious — who even writes here periodically — Sam DeBord, CEO of RESO, Real Estate Standards Organization. But rather than go on and on about real estate data standards, which is of interest to… well… even fewer people than are interested in real estate or … Read more
Roughly nine months ago, after its Q1 results, I beat the hell out of Redfin. I admit it. Much of that was motivated by how disappointed I was with Redfin’s decisions then. I wrote in that post that I was and remain one of Redfin’s biggest fans so its decisions then were truly heartbreaking. Nine … Read more
Got a press release this morning from Zillow — well, Zillow’s PR agency — that the Zestimate is now the offer price from Zillow Offers. Rich Barton talked about it during the most recent earnings call, but a mere days afterwards, here it is: “For 15 years, homeowners and home shoppers have come to rely … Read more