Okay, so I got into a discussion on Facebook with Glenn Sanford of eXp on the difference to the seller between selling to Zillow Offers vs. listing with a traditional agent (Full Service Agent, as per Glenn). I thought it was an interesting little intellectual exchange, but then Inman picked it up as an actual … Read more
As you all know by now, Zillow reported its Q4 and full year 2020 earnings yesterday. It was a monster quarter. As of this writing, ZG stock is over $200 and for good reason, since Zillow outperformed even the high end of their projections in Q4. The analysts I like and follow are very, very … Read more
I love this industry, I really do. It has some of the best people I have ever met, real salt of the earth people who genuinely care about their clients, their communities, about each other, about the country, about the world. They’re real sweethearts and genuine and fun, fun people. But there are times when … Read more
I have a wide-ranging and engaging conversation with Joe Rand, Executive Director of the Broker Public Portal. We cover BPP, Homesnap, CoStar’s acquisition, Fair Display Guidelines, the fate of the MLS, the residential real estate industry, and have a fun discussion all around. Note that he was also one of my Seven Most Interesting People … Read more
Maybe I should be doing a press release or something, but we ain’t fancy like that around here. We’re a bit more down-home, take me home country roads style. Yes, I know that’s unusual for an Asian-American lawyer from the Ivy League, but that’s just how we roll here. After weeks of research, enormous effort, … Read more
In this episode, the first of 2021 and the first in quite some time, I speak to Sean Black, the Co-Founder & CEO of Knock. I’ve been talking and writing about Knock and its unique take on iBuyer for years now. Now, Sean probably would dispute the label “iBuyer” but it’s because of the corruption … Read more
Longtime readers know that one of my abiding interests is in household formation among the younger generations in US and Canada. I even have a whole category/tag devoted to it: Generation Screwed – Millennials and Beyond. Thanks to a new post by Zillow Research, we have another opportunity to dip back into this evergreen topic. … Read more
In Part 1, we looked at the opportunities that might arise for iBuyers because the housing market is about to go cray-cray. The basic idea is that as hyperinflation hits housing, sellers will come to prioritize timing and certainty over getting the most money possible, because most of them will be buyers on the other … Read more
After my last VIP post about money supply and possible asset bubble (?) in housing, I got a couple of emails from people asking what if any impact there might be on iBuyers as a result. I hadn’t thought hard about that, but it’s an interesting question. With some research, I’m leaning towards the idea … Read more