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
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
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’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
I thought I would share a special treat with my VIP Subscribers. I recorded a special webinar with Sharran Srivatsaa, CEO of Kingston Lane, and one of the smartest and most capable people in real estate today. This is a followup from a video we did a year ago, and I understand that it is … Read more
The battle between Realogy and Compass took a strange turn in recent days, when Compass claimed that they rejected a marriage offer from Realogy according to The Real Deal: With his back against the mats, Realogy CEO Ryan Schneider considered selling the brokerage to its chief rival: Compass. In a statement Friday, the SoftBank-backed brokerage … Read more
It’s VIP Content Week, as I am home for several days without any travel. All that changes next week, but… in the meantime, I thought it worth putting together some posts for subscribers that reflect some of the things I’ve been working on in recent weeks. One topic that keeps coming up both online and … Read more
Happy Monday, everybody. A couple of you have asked for this topic in the Notorious VIP Network (all VIP Subscribers have been invited, so check your inbox if you don’t know what the Network is), so I figure I’ll kick off this week of writing-while-at-home with some free advice (worth exactly what NAR paid for … Read more
Realogy reported its Q2 results last week, and on balance, it was a very nice quarter. The highlights of the presentation are improved profitability, strong cash flows, paying down debt, and a narrative that the broken fundamentals at the NRT are changing. Or trending like it’s changing. Maybe it’s more of a looking like it’s … Read more