There was a good summary of the ibuyer business published yesterday: https://www.curbed.com/2019/3/21/18252048/real-estate-house-flipping-zillow-ibuyer-opendoor An excerpt: But as more players jump into the space and markets are saturated with various competing...
Doesn't it feel like we're in another bubble? Home prices have been on a tear for ten years straight, and are at their highest levels ever. Is this bubble going to pop too? Let's look at the statistics first. I took the most recent 45 days to get the latest scoop,...
My general rule-of-thumb is that if two people send me the same article, then I should blog it. Not only did two people send this in, but Henry Fung also mentioned to the article's author on twitter that she should read my blog, and as a result, she followed me. Now I...
The disrupters can tinker around with whatever gadget they can think up next, but if sellers believe that selling their home off-market is the way to go, there won't be any MLS/traditions to disrupt. Check out https://aaltohomes.com/ The private listing clubs are...
Will the ibuyers succeed? Sure, they offer convenience, but the reason it works is because it's so vague - sellers will never know the money difference between selling to an ibuyer or an open-market sale. The trendy-hip, sell-with-a-click factor could lure sellers...
We have random off-market sales and ibuyer-manipulated sales. Are those legitimate comps? How will we know the true values? The most beneficial system is to expose all properties to the open-market, and let every ready, willing, and able buyer take their shot - with...
I've been saying that single agency is coming, where buyers don't get any representation and are left to figure out pesky details like proper home valuations and investigations on their own. Redfin has been the leader in dumbing down the business. It's insulting that...
This is the first large-scale cinematic movie I've seen done by a San Diego realtor, and it's inevitable that all the high-end listings will have to step it up. Hat tip to Richard for sending this in! ?
Yesterday, we met briefly with Peter Jonas, president of the west region of Compass. He likes to reach out to agents to stay in touch with what's happening on the ground, which is commendable. We talked about the criticism received about the story that implied...
Hat tip to CB Mark for sending in another article on people leaving California - I added the U.S. Census stats for San Diego County at the bottom: People have long dreamed of moving to California, but increasingly the people in the state are looking to get out....
