Recently, I’ve been trying to research what is going on with buyers in the residential real estate market. Specifically, I’m curious what is happening with institutional investors. My gut tells me that we’re probably seeing a lot more interest in single family housing units from institutions… but there’s very little data to prove or disprove … Read more
It’s a beautiful day here in Las Vegas. 77 and sunny, high of 84, not a cloud in the sky and no gale force winds. Just a lovely, lovely day. Then I get in front of my computer, and find this story from Mises.org. Granted, it’s a couple of weeks old, but I don’t check … 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
Obviously, this analysis is late. RE/MAX reported its Q4 and full year 2020 results on February 25th, almost two weeks ago. I’m just now getting around to it because… well… a sense of obligation perhaps. Because frankly, after everything I wrote about RE/MAX the last few earnings calls (Q3 here, Q2 here, Q1 here, Q4-2019 … 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
A year ago, I wrote these words while analyzing Realogy’s 2019 results: But I can’t ignore the fact that 2019 was not a good year, nor can I pretend that Q4 was particularly strong because of the optimism coming from Schneider. There are real problems at Realogy, and real reasons for concern. At the top … Read more
Since this is earnings week in real estate, with Realogy, Redfin and RE/MAX all reporting… I figured any non-VIP stuff I want to write, I should get in today. And as it happens, there is something I wanted to discuss and explore. In a crazy seller’s market like the one we have today, why aren’t … Read more
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