Yesterday, we entered into the final phase of the MLS implosion, with the latest blow being delivered by the National Association of Realtors themselves. Instead of strictly forbidding Off-MLS sales, they have tried to appease everyone by concocting a lightweight,...
Realtor
Inventory Watch
The inventory 'shortage' is limited to the lower-end. If you can spend more than a million, there are 785 choices today, which accounts for 92% of the houses for sale between La Jolla and Carlsbad. How the mix has changed: NSDCC Total Number of Listings Between Jan 1...
California Real Estate Licensees
It's good to see that 20% of the real estate licensees have been retiring each year, but it hasn't slowed down the overall population. There are still more getting into the business, than getting out: For the latest on Compass vs. the World, click HERE.
The Future of the MLS
There has been more jostling than ever about how we sell homes, and the role of the MLS. Either we can have everyone commit to the MLS as the primary marketplace, or blow the whole thing up - which seems to be the current path. Rob succinctly lays out his case here:...
Off-Market Device
An article about Compass agents who used a new off-market service called Aalto to sell a special house. Ethics and fiduciary duties are getting shrugged off, and instead the off-market sale has become the sexy option. Hat tip to recently-married Susie for sending...
The End of Coming Soon/Off-Market Deals?
The National Association of Realtors is attempting to regulate a change in the Coming Soon environment - see above. The way it is written, however, will just take us back to the days when off-market deals were done behind closed doors because they are permitting the...
Exposing Commission Rates
Historically, buyer-agents haven't really had to demonstrate their true value - most buyers just grab somebody they like. But now the buyer-agent compensation is going to be revealed in Washington, starting tomorrow - and it is inevitable that it will happen...
Compass Game
Robert is committed to building the end-all platform for real estate - more details on the AI feature haven't reached the west coast yet, but the game plan is clear. Hire the best agents, give them the money to spruce up the properties, and feature those new listings...
Auberge Value
Lucky me! For the second listing in a row I have instant competition nearby. Two other listings hit the MLS in the last 48 hours, including the house right in front of us - and we priced ours before we knew about them. There are three communities within the Auberge...
Encinitas ADU and PRADU
For Encinitas homeowners who are considering a granny flat - or buyers who want to purchase a suitable property - this is a 7-minute primer from one of the architects who helped guide the city to their current policy (which is the most flexible in North County). He...