More tip-toeing around the Coming Soon topic in Realtor Magazine yesterday: The surge in off-market “pocket listings”—those held off the MLS in favor of secret channels and networks between agents or within a brokerage—is a growing issue in the real estate industry....
Below is the evidence put forth by a Bay Area realtor to show two things: Redfin home-value estimates are tied to the list price, and their estimates are increased as they gauge the traffic. Buyers are assuming the Redfin estimates to be accurate, and rely on them...
They charge even less in America, and you need good help to handle the load: "Broke" real estate agents are quitting British disrupter Purplebricks in droves as the fixed-fee agency's low-margin, high-turnover business struggles to achieve enough sales amid a slowing...
The idea of disrupting realtors has been around for years, but now several companies, backed with mega-millions in VC money, are making a dent. They may not be taking a lot of the business away (yet), but they are being noticed. It appears some of the big...
https://twitter.com/bradInman/status/1011730002570719232 For an industry that has been stagnant and mostly unaffected by disintermediation/disruption over the last couple of decades, you get the feeling that change might be afoot now. It's asking a lot, but what we...
The FTC and DOJ conducted a workshop this week about the competitiveness in real estate. There hasn't been much press coverage, but Rob has summed up the bulk of it here: [button link="http://www.notorious-rob.com/2018/06/brief-reflections-on-the-doj-ftc-panel/"...
We won't police ourselves, so..... Hat tip to SM for sending this in: Jerry Del Mauro hoped...
The selling of listings prior to MLS input has happened since the beginning, but in the era of inventory desperation, we're now seeing companies openly advertising 'previews' of their listings before they put them on the MLS. Before long, the MLS will just become the...
What never gets mentioned is that every realtor has signed an agreement to share their listings with one another. This is how realtors are destroying the industry from within - because we foster the illusion of having a cooperative MLS but are happy to deprive our...
The real estate business has been too easy the last few years, and it appears a tougher market is coming, which will help weed out the agents. Unfortunately, downturns don't discriminate - a slower market will cause the retirements of realtors young and old, of...
