Redfin’s Q3 results showed a solid rebound from a rather disappointing Q2. It looks great all around, with revenues, profit, market share, etc. all up and up very healthy. Agent productivity is up, traffic is up, and Redfin Now is a $80 million business in Q3. So all in all, a very nice rebound. There … Read more
RE/MAX reported Q3 earnings on Halloween, and I can’t help but think there was a lot more trick than treat in its Q3 results. Yes, RE/MAX remains fundamentally healthy and it has some advantages over its main competitors, especially the other publicly reporting franchise company, Realogy, but there were a lot more walking dead in … Read more
Zillow’s big event for its IMT segment — Premier Agents, Rentals and New Construction — just concluded in my (new) hometown of Las Vegas. I attended Tuesday as a member of the press, because when the United States Department of Justice calls you a “trade publication” who am I to disagree? So first, let me … Read more
In the last Phoenix iBuyer comparison, I said I was compiling some data out of Denver. Well, here it is for your enlightenment and entertainment. One thing to note: Offerpad is not active in Denver. Redfin is, but my dataset has no Redfin sales. I hope to see if I can get my hands on … Read more
Hot on the heels of the Alex Doubet interview, I’m pleased to give you all an interview with the CEO of yet another innovative W-2 brokerage. Mike Maher is the Co-Founder & CEO of Houwzer, a W-2 based flat listing fee brokerage based in Philadelphia with operations in the Philly Metro and Washington DC Metro … Read more
Today’s Notorious Interview is of a super-interesting, super-smart guy many of you probably have never heard of. His name is Alex Doubet, and he is the founder and CEO of Door, a unique brokerage based in Dallas. He is also a VIP Subscriber and a longtime reader of Notorious. Door is an interesting brokerage that … Read more
Q3 earnings reports are mere weeks away, which means that Q3 has been over for a couple of weeks. That means I got my hands on some new iBuyer data. I’m compiling some Denver data (which I’ll post later in a different post) but the easy comparison is for Phoenix. In case you don’t recall, … Read more
I am delighted to present this Notorious Interview of Mark Schacknies, CEO & Co-Founder of Remine, a real estate data and technology company. We discuss MLS data, MLS technology, and what is going on in this tiny-yet-important space of PropTech. Remine has been challenging the incumbents in this space for a while now, and making … Read more
I’m on the road, so blogging may be light. But I thought the announcement of the new RealSure Sell and RealSure Mortgage programs deserved some brief initial commentary. I didn’t feel like waiting for Friday’s Quick Takes and then writing up a giant post on this. Inman News has further coverage of the announcement, but … Read more