Opendoor reported its Q4 and full year 2021 earnings last Thursday, and I needed to take some time to think through things. Long story short, Opendoor blew the doors wide open with its performance. It has replaced Redfin as the most important company in residential real estate, and it’s on the heels of Zillow to … Read more
A look at some recent data showing housing is becoming more and more unaffordable for the average American buyer, why that might be, and why it is not transitory or cyclical. I explore topics from macro analyst Luke Gromen, look at investor purchase data, and then touch on the one thing that could collapse home … Read more
As readers, listeners of Notorious POD, and people who have heard me present live know, I’m on the record as suggesting that we do not have a housing bubble. What we have is dollar devaluation caused by massive Fed money printing since the start of the pandemic. Accordingly, I believe that the “seller’s market” will … Read more
Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry. I recently took part in a panel discussion hosted by Elm Street Technologies. It was a fantastic discussion with other people whose expertise overlaps the world of real estate and … Read more
I think it’s safe to say that I was reeling in a bit of shock and disappointment last quarter, when Zillow abruptly quit the iBuying business. I thought for years that Zillow’s overall strategy made perfect sense, and that becoming the market maker for residential housing was at the center of that strategy. So I … Read more
Many years ago, I had a project called HearItDirect. It was a live on-stage focus group, where we asked a panel of actual buyers and sellers about their real estate experiences. With all that has happened in the past two years, with the COVID pandemic first making buying or selling a home difficult, then the … Read more
Musings is a solo version of the Notorious POD in which I think out loud about issues in the economy, technology, and real estate industry. This episode is a bit of an exploration, a weaving together of disparate news items that are all interconnected. I look at data on foreclosures in 2021, purchase mortgage applications, … Read more
I really enjoyed this conversation with Tom Woiwode who is not only the broker-owner of a large regional real estate brokerage, Coldwell Banker Access Realty with 13 offices throughout Georgia and South Carolina, but also owns Seabrook Classics, a high-end custom furniture maker, and Savannah Millworks, a custom wood products manufacturer. He’s also on the … Read more
I spent Sunday morning cleaning up some crap in my office. I threw out a bunch of old papers, crap I didn’t even know I had (how does this stuff just accumulate?), and then listed a couple of things on Ebay that I couldn’t bring myself to throw out. (If you need a cheap 1080p … Read more