As it now stands, there are more real estate agents than homes on the market right now. Million acres reports: At the end of January 2021, there were 1.04 million homes on the market in the U.S (down 26% from 2019’s inventory), the fewest homes on the market in nearly 40 years. Meanwhile, the National … Read more
[Note: These are the personal opinions of Sam DeBord and do not represent the position of RESO, the National Association of REALTORS, or any other organization associated with the writer.] R.O.B and Greg Robertson recently interviewed Jack Ryan of REX on their Industry Relations podcast. The story of REX isn’t a new one. It’s a brokerage … Read more
Rob had some good questions yesterday that many in the industry are probably asking, in “OK, I’ll Ask: How is CoreLogic Threading the Upstream Needle?” For a lot of us in the industry, it can be frustrating when these questions are left hanging over a vacuum fit for conspiracies. Let’s fill some of that void, especially … Read more
Redfin’s long-awaited IPO is here. Rob’s as-usual-lengthy breakdown is here. It’s full of interesting angles to consider, and some real positives for Redfin’s outlook. As you probably guessed, since I’m here guest posting again, I think a few points might need refining. Why, you might ask, would a broker be giving credit to a competitor? … Read more
12 MLSs are the future organized real estate: that was the lukewarm consensus of a recent panel at Inman in New York. The general feeling of the speakers (MLS executives included) seemed to be that consolidation will end with a dozen or so large, well-run MLSs. Inman News headlined the coverage “Is Your MLS Doomed?” … Read more
Well, this should be fun. After Rob’s critique of my last piece about Upstream, I thought it would be appropriate to step into the Notorious octagon. Considering I’m not a trained attorney, that’s probably a mistake (yes, that’s the first of many self-deprecations to bloat my handicap on his turf). I once put a foot … Read more