The Inevitability of Commission Compression

For the past few years, the attention of the industry leadership has been focused on the issue of commission compression. The Moehrl lawsuit was the beginning, but the involvement of the DOJ and now the FTC is raising real concerns about what happens to the 6% real estate commission that has been the default for … Read more

Blockchain and Real Estate: Revisiting, Revising, Reimagining

I was going to start the transition to the new approach to Notorious ROB in the new year. But frankly, there’s just too much to talk about and I can’t wait that long. So just imagine that this was posted on New Year’s Day of 2022 and we’ll both pretend that the transition began then, … Read more

Inflection Point: Changes Coming to Notorious ROB

I began writing Notorious ROB on January 16, 2008, with Hello World: I like blogging, from time to time. Since I am now working at a company that doesn’t have enormous legal departments and such wanting to look over my shoulders about what I do in my personal time, on my personal blog, I can … Read more

Quick Question for Readers

Happy Sunday night. It’s been a long weekend preparing a cabin for short term rental, but I have a very quick question for everyone. As you know, I went on a fairly deep dive earlier this year into blockchain and its impact on real estate. I rather enjoyed it, and I think the people I … Read more

Musings on Demand: Could Investors Sustain Home Prices?

Just watched a YouTube videos from Nicholas Gerli of Reventure Consulting that has me wondering about the housing market in the years to come. The big question is, could investor demand alone sustain current (and future) home prices? You can watch the full video below, but the fundamental take is that home prices will collapse, … Read more

It’s Time to Get NAR Out of the MLS Business

The party in San Diego is now over, and judging from the pictures on Facebook, it looks to have been quite a party. I’d say that CoStar made a memorable entry into the residential real estate industry. But the other headlines coming out of San Diego convince me more than ever that it is high … Read more

Defender of the Faith: iBuying Will Dominate

Three years ago, I wrote a post titled, “The Case for iBuyer Becoming the Default.” It came up in my social media feeds, thanks to the hard work of my social media manager. And the timing couldn’t have been better, since I’ve been thinking that I need to reassess iBuying as a category in light … Read more

Ivy Zelman, Demographics, and Housing

I’m on the road, which means airports and hotel rooms. And I’m on an intellectual road trip as well, trying to puzzle out what the future of the industry looks like with Zillow’s recent withdrawal from Afghanistan shutdown of Zillow Homes. So I thought I’d give myself a break and look at something that caught … Read more

Project Ketchup: iBuying Is Just Fine, Zillow Was Not

I’m still traveling around the country, but wanted to jot something down real quick from a random hotel room in Houston. Based on this story in Business Insider about Project Ketchup, I’m expecting fantastic things from Opendoor’s earnings call. [Note: I own OPEN in my personal portfolio.] All of the jubilation from the industry about … Read more