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
Back in October, after Judge Woods laid the wood to NAR and the corporate defendants in the Moehrl v. NAR case, I wrote: Finally, I’ll go out on a limb (it’s a short one, I think) and predict that now that the motion to dismiss was denied, and denied in this manner with the judge … 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
I am extremely busy putting the finishing touches on a massive report on CoStar and its entry into residential real estate, but… had to take a few minutes to… um, crow. Yes, I did sprain my shoulder patting myself on the back. But thought it maybe worthwhile in case people have forgotten the issues I … 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
The mainstream financial press is talking about what might be the single most important chart from 2020, which is above. The U.S. money supply increased dramatically in 2020. CNBC talked about it: “It’s fair to say we have never observed money supply growth as high as it is today,” Morgan Stanley chief U.S. equity strategist … Read more