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] Redfin, Q3/2019: Nice Rebound, And Yet…

Redfin’s Q3 results showed a solid rebound from a rather disappointing Q2. It looks great all around, with revenues, profit, market share, etc. all up and up very healthy. Agent productivity is up, traffic is up, and Redfin Now is a $80 million business in Q3. So all in all, a very nice rebound. There […]

Are Brokers Screwed?

The other day Rob wrote a post on how Competition in Real Estate is Changing. I don’t think anyone would disagree. And it reminded me of a comment that I can’t find on another post which simply asked “What can brokers even do about it?”. That’s a sincere question worth talking about, from this Recovering […]

December Red Dot: Darkness Comes – Excerpts and Special Offer

The December Red Dot, Darkness Comes: Q3 and the Rise of Redfin, is now published and live. I’m pretty proud of it, but I thought I would write this post because I think this report might actually be important. If you are in real estate, or interested in the industry, if you read nothing else […]

Redfin, Ethics and Article 16

Over on the Book of Faces, in the Inman Coast to Coast group, there’s quite a discussion that erupted from something that Redfin does. You might not be able to view it, although this is a public group, so go ahead and join it if you can’t. Let me not bury the lede: I don’t […]

Method to the Madness: Thoughts on the Redfin 2017 Earnings Call

One of my recurring dreams is that some kind of IPO fever sweeps real estate, and dozens of brokerages go public. I want to see KW’s numbers, hear Hoddy Hanna on an earnings call, gain transparency into what Kuba over at RealtyOne is thinking, etc. I can’t wait for Compass to go public, so we […]

The Future of Brokerage Black Paper, Now Available

So in advance of Friday, which is when I figure most people might have time to read something like this, I wanted to let everybody know that the Future of Brokerage Black Paper is now available. Some of you who requested a copy received it by email a week ago (check your filters if you […]

The Top Seven Posts of 2017

It’s New Year’s Eve, 2017. The champagne is chilling, dinner reservation has been made, and it’s quiet around here. Rare thing, this quiet. In any event, on this last day of 2017 — a year filled with changes, both good and bad and in-between — I thought it’d be fun to take a look back […]

The Seven Most Interesting People in Real Estate, 2017 Edition

So I’ve decided to add to my end-of-the-year workload by starting something new this year. I call it the Interesting List, and there are seven people — a number that is sacred to me as well as many of the world’s oldest religions — on it. Hence, The Seven Most Interesting People in Real Estate. […]

Redfin to Overtake Realtor.com by 2020?

I’ve been extraordinarily busy due to a bunch of deadlines for a couple of projects. That isn’t an excuse, or an apology, but a setup since it was research for one of those projects that leads to this post. Let’s not bury the lede: On current trends, Redfin will overtake Realtor.com as the second most […]