It’s been a minute or two since I posted; blame the mundane annoyances of moving. Yes, I’m one of those people who bought a house during the pandemic and managed to move, despite all of the problems with vendors and the like thanks to government limits. I’ve also been very busy with projects and have … Read more
Since my last quick take on this, I have had more time to investigate, research, and talk to a wide variety of people from the real estate and financial worlds. I am more convinced than ever that iBuyer will return with a roar when this current shutdown is over, and why people in the real … Read more
Was just sent this article on The Information by a reader, which says that Opendoor has laid off more than 600 people today: Home-buying startup Opendoor laid off more than 600 employees Wednesday, one of the deepest cuts from a private tech firm since the coronavirus outbreak sent the economy into a tailspin. The layoffs … Read more
In this episode, I speak to entrepreneur and longtime REALTOR from Toronto, Canada, Mark McLean about an innovative co-equity concept he’s been working on. It’s so interesting that Mark was a high-level executive and successful broker and agent for 30 years, but jumped into a brand new idea. Who says you can’t teach an old … Read more
I’ve been very, very busy the last few days conducting in-depth interviews with some of the top brokers and agents in the real estate industry. So writing has been nonexistent. Coming up for a bit of air today, I thought I’d post something for the VIP audience that isn’t really getting talked about, but that … Read more
I’ve been having a number of conversations with friends over this past week, as the quarantine situation got serious then even more serious. Some of it was sparked by my series on the aftermath of this crisis for real estate, and others sparked by just general events these days. As I write this, I’m debating … Read more
Since it’s been a few days since my VIP subscribers got to check out my analysis of Zillow’s Q4 earnings, I wanted to have more of a public open discussion on two incredibly important things from the Q4 earnings. Rich Barton, Zillow’s CEO, mentioned the Bob Seger song, “Turn the Page.” He was talking about … Read more
I speak again with John Campbell, Managing Director of Equity Research at Stephens, Inc., a powerhouse regional investment bank and private equity firm based in Little Rock. He is one of the finest analysts of the small corner of the public markets that real estate represents and I have consistently found his coverage to be … Read more
In the Q3/2019 writeup, I wrote that Zillow is not experimenting, but trying to pivot with great delicacy: My take on Q3 is that Zillow is in the midst of a BCG 2×2 Matrix exercise and a delicate point (in a good way) in the transition from Zillow 1.0 to Zillow 2.0. What they’re doing … Read more