When the Clouds Part

Rob and I were supposed to be in Wilmington, NC today to present some new sessions at the State REALTOR Conference, Xchange. We watched as Hurricane Florence gained strength across the Atlantic with estimated landfall near Wilmington, and quickly realized that the event would be cancelled. In an email from the NC REALTORS staff today, … Read more

On the Opendoor Acquisition of Open Listings

Just thought I’d drop a brief (well, for me) note here about Opendoor’s acquisition of Open Listings, in between preparing for hurricane Florence…. Inman News has the story: Flush with hundreds of millions in venture funding, the fast-growing home-buying and selling startup Opendoor is making its first acquisition: Open Listings, a discount brokerage with a team of salaried in-house … Read more

The Notorious ROB’s Shiva Award

I’m neck-deep in getting the September Red Dot on the Real Estate Platform out the door, but had to pause and poke my nose in to give an award for a minute. Inman reported on the 16 startups at the new Innovation, Opportunity & Investment Summit conference that NAR is putting on as I write … Read more

Some Questions About KWRI’s Virtual Brokerage

Two things. First, I’ve been busy with my September Red Dot, so I missed this news when it was announced: KW to launch virtual brokerages for expansion business owners. According to Inman News: During last week’s Keller Williams Mega Camp, a company retreat for select Keller Williams leaders, Keller Williams CEO John Davis said the … Read more

Quick Reaction to Zillow News: Not Surprised

I’m still in recovery mode from thyroid surgery on Friday (it went great, thank you to all who have messaged me) but wanted to throw out a quick reaction to the news coming out of Zillow in its Q2 earnings report. Rest assured, I’ll be covering this in some depth at some point, probably. For … Read more

A Note on eXp and Margins

Happy Friday, everybody. I’m deep in the heart of final edits on the June Red Dot report, tentatively titled “Zillow, Redfin, Realogy: The Shape of Things to Come” so haven’t been blogging as much. But in writing the June report, I looked at eXp in some detail as a comparable. In future reports, I may … Read more

Dynamex and Real Estate: Apocalypse Starts with ABC

I seriously thought about not writing this post. For one thing, this is complicated stuff, and I thought maybe it deserves to be a Red Dot Report in the near future. That might still happen, depending on how things play out over the next few months. This is also one of my Black Swans coming … Read more