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
Got a press release this morning from Zillow — well, Zillow’s PR agency — that the Zestimate is now the offer price from Zillow Offers. Rich Barton talked about it during the most recent earnings call, but a mere days afterwards, here it is: “For 15 years, homeowners and home shoppers have come to rely … 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
[Editor’s Note: The image above is not Pedro, but it is how I imagine he is writing posts like this one and beyond.] To all the wonderful readers of Notorious ROB: My name is Pedro Robinson and I just joined 7DS Associates to help Rob with content. I’ll be writing, both in my own blog … 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
Forgive the rant, but after lo these many years, I have to get this off my chest. Since this is rant — though potentially a helpful one if you are a brokerage owner — do feel free to skip it completely. Won’t hurt my feelings, and you might not want to confront reality. On Facebook … 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
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