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 […]

[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 […]

[VIP] Initial Thoughts on Realogy’s RealSure

I’m on the road, so blogging may be light. But I thought the announcement of the new RealSure Sell and RealSure Mortgage programs deserved some brief initial commentary. I didn’t feel like waiting for Friday’s Quick Takes and then writing up a giant post on this. Inman News has further coverage of the announcement, but […]

[VIP] On the Realogy-Compass Kerfuffle

The battle between Realogy and Compass took a strange turn in recent days, when Compass claimed that they rejected a marriage offer from Realogy according to The Real Deal: With his back against the mats, Realogy CEO Ryan Schneider considered selling the brokerage to its chief rival: Compass. In a statement Friday, the SoftBank-backed brokerage […]

[VIP] Realogy, Q2/2019: Justify My Love

Realogy reported its Q2 results last week, and on balance, it was a very nice quarter. The highlights of the presentation are improved profitability, strong cash flows, paying down debt, and a narrative that the broken fundamentals at the NRT are changing. Or trending like it’s changing. Maybe it’s more of a looking like it’s […]

Realogy Enters the Schneider Era: Thoughts from the 2017 Earnings Call

One of the biggest changes in the industry as we entered 2018 was a changing of the guard atop the largest real estate company in the U.S. as Richard Smith, CEO of Realogy stepped down, and Ryan Schneider, formerly of Capital One, stepped up. I thought it was all kinds of interesting that Realogy, which […]

Random Thoughts on Redfin Going Public

I have been waiting, wanting, hoping for Redfin to go public for a few years now. For a bunch of reasons, mostly having to do with getting another company in real estate to have to report publicly about their operations and their numbers. Well, my wish has been granted. Redfin just filed its S-1 to […]

Seven Predictions for 2016: The 90s Dance Music Edition

As you can probably see, this is a special edition of my 7 predictions. I normally post those on my blog at Notorious R.O.B., but not this year! Brad Inman asked if I wanted to share these crazy predictions with the readers of Inman, and I thought, why not? I mean, these are predictions sure […]

Don't Brokerages Compete With Each Other?

Over on Facebook, an interesting and intelligent discussion broke out — which is news in and of itself, I realize. We weren’t discussing The Dress or llamas. Amazing. What we were discussing is MLS taking over syndication, something that Kipp Cooper at North Alabama pioneered. Here’s how it began: The responses were really interesting, and […]