Overnight News: Double the showings, double the damage? Double the time on market? Double the risk? Redfin has the answers!

“Showing causes damage.” I said that to a seller last week, in support of taking an early cash offer, in preference to waiting through the weekend to see if financed buyers could try to beat it.

Fun, then, to see Redfin.com – America’s highest-tech national database of Pending listings – promising to double sellers’ unvetted showings.

Want me to sell you on Buyer’s Brokerage? Someone has met the buyer, has run his credit, has photocopied his driver’s license.

Redfin is bragging that it is adding security to a stupidly insecure process, but so what? Will double the showings surface the best-qualified buyer? No, that’s the all-cash offers that come in without showings on the first day. Will it result in less damage to the property? Will unsupervised access get some houses trashed, others burned to the ground? Hide and watch.

What’s most interesting about big-talk technology in real estate? Everything it says to the marketplace is nuts – and all of its “listings” are Sale Pending.

In other news:

Brad Polumbo: #MintTheCoin: Economist Explains Problem With Just Minting $1 Trillion Coin to Pay the Government’s Bills.

Sharyl Atkisson: America’s botched Afghanistan withdrawal: ‘It’s even worse than people know’.

Roger Kimball: Is this the beginning of the end of the Biden administration?