Seven Predictions for 2020: The Rat Pack Edition

Earlier this year, Sunny and I made her third (my second) move across this great country of ours in three years, landing in Las Vegas. I have to say, so far, we’re quite in love with this city. Most of you only know Las Vegas from The Strip… which is unfortunate. It’s quite like judging … Read more

Musings on Defining Fundamental Problems

I was on a conference call earlier with a client discussing an upcoming strategy planning session, and one of the people raised a very interesting and a very good point. He said that if we don’t clearly define the problems, it’s very difficult to do good strategy. I couldn’t agree more. But as we kept … Read more

Why Wall Street Consistently Gets iBuyer Wrong

Over at Forbes, Peter Smirniotopoulos, a Contributor who writes about real estate, penned an article titled, “AI, and iBuyers, Oh My! Are There Structural Limits to PropTech?” It is such a great example of how mistaken Wall Street people are about the iBuyer phenomenon and how confused some of the smartest people in the world … Read more

Time for a Housecleaning: Racism in Long Island Real Estate

I am alternatively furious and despondent that this post has to be written in 2019. But it has to be. In case you missed it, Newsday, the local newspaper for most of Long Island in New York, ran a three year investigation into racial discrimination and steering in real estate. They just published their findings … Read more

[VIP] The Notorious Interview: Skylar Olsen, Kathryn Coursolle, Zillow Research

In today’s episode of the Notorious Interview, I have a fantastic conversation with a pair of economists from Zillow Research, which publishes an annual Consumer Housing Trends Report.  It is one of the best research studies on what is happening on the ground with buyers, sellers and renters. Ms. Olsen is the Director of Economic … Read more

[VIP] The Notorious Interview: Jarred Kessler, EasyKnock

In today’s episode of the Notorious Interview, I talk with Jarred Kessler, Founder & CEO of EasyKnock, the most interesting company in our space I had never heard of. I corrected that oversight, obviously, and I thought you should too. EasyKnock is hard to classify: it’s kind of like a blend between a bridge loan … Read more

Pass Clear Cooperation Policy, But Address the Gaping Loophole

On Saturday, the MLS Policy Committee of NAR approved the proposed Clear Cooperation Policy (also known as MLS Policy 8.0) as written and forwarded it on to the Board of Directors for approval on Monday. I would like to urge the Board of Directors to pass Policy 8.0, but immediately begin addressing one of the … Read more

[VIP] Realogy, Q3/2019: The Profitability Dilemma

Earnings Week content keeps rolling on! It’s time we took a look at Realogy, the bellwether for health of traditional real estate brokerage. I wish I could report some joyful news on that front, but alas, I just can’t. Realogy is still profitable, generating good free cash flows, and still making some moves. It’s just … Read more