“Real estate is about kids and dogs. Can’t walk a dog is there’s broken glass everywhere.”Want me to tell you the secret to being right most of the time? Bet the odds. What will happen is what has happened. Not always, but most of the time. Hard lesson to learn – particularly when you have […]
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“Treats for trouble is how you get more trouble.”I saw Housing Wire’s story on the Department of Justice’s anti-trust suit against the National Association of Realtors, and I thought: “Yeehaw!” But then I read Glenn Kelman’s odd rejoicing, and I realized that the “lawsuit” is a done deal, and nothing that matters will have changed. Vide: […]
“What I want for dinner is what you’re having.”We just went through an yet another election demonstrating that polling is useless – most especially where the person being polled has reasons to deceive the pollster. Redfin didn’t poll, it just inferred, but if demand for second homes is booming, that could mean three things, not just […]
“When Grasshoppers say they’re making dog food, it’s really just slop. Go Ants!”I wanted for this election to be about freedom versus Marxism. I definitely did not want for it to be about Coronavirus, when that came along, but I confess that I did not see that the underlying issue was everything versus China. In the […]
“Redfin? Now that’s good eatin’!”Here’s the deal: If disparate impact is automatically racism, Asian and Jewish people should be suing pro-athletics. That’s what Glenn Kelman needs to say to swat the race pirates away. Financial hurdles seek to qualify Ants and disqualify Grasshoppers. This has nothing to do with race, but every financial hurdle will […]
“Red Americans got rooked once and completely. Black Americans get rooked with every spin of the ‘economic cycle.’ That’s how you know Black Lives Matter.”As I noted yesterday, these are not just riots we are seeing across the country, they are carefully-mismanaged riots. Where the police department is allowed to function according to well-understood crowd-control theory, there […]
“Prices always shoot up for no reason!”Housing Wire: Fed says expect low rates through 2023. Much better crystal ball than the one we have… Forbes: Will The Latest Stimulus Proposal Stop A Potential Housing Crisis In 2021? Redfin: Home Prices Rose 11% in August—Biggest Gain in Over 6 Years. Housing Wire: More young adults live […]
‘#Redfin Now, as the iBuying service is known, “performed better in a downturn than some had feared,” CEO Glenn Kelman said.’ Downturn? Hasn’t started yet. I don’t like being the bearer of bearish news, but the shit-hammer will be obvious, when it falls. Primus: Many, many jobs are not coming back. Vacation rentals have cratered. […]
Redfin.com is in the long, slow process of firing us from their referral partnership program. I’ve known this was going to happen since last Tuesday. It’s what I was writing about in my most influential voice in the on-line world of real estate post: They piss and moan to each other about me behind my […]
I owe Glenn Kelman an apology. When Redfin.com was young — which is to say four long years ago — I swore that Glenn’s assertion that people would buy homes like books on Amazon.com was simply absurd. I have moved people into rental properties sight unseen, and quite a few of my investors let me […]
I built our first real estate web site in June of 2001. I had just gotten my license that May, parking it with an apartment locating service called The Apartment Store. The folks Jeff Brown calls “house agents” like to laugh at niche players in the real estate world, but I passed on three residential […]
by Brian Brady
Commercial Real Estate Finance Expert
Structured Debt and Equity
Licensed Real Estate Broker in AL, CA, and FL
A La Jolla real estate broker noticed an article on Gawker.com, about a listing Redfin published, offering a currently occupied home (that isn’t for sale). From Coastal Real Estate Stars: A new listing appeared on Redfin this weekend….1600 Pennsylvania Avenue! Now, in fairness to the Redfin folks, garbage in= garbage out. Much of the FSBO […]
Redfin.com is coming to Phoenix today — 6 am PDT, to be precise. And they’re coming as a VOW, which strikes me as being a potent marketing advantage, at least in the short run. And the news that might be most of interest here: BloodhoundRealty.com is coming along with them. As I wrote in February […]
Redfin.com CEO Glenn Kelman is in Scottsdale today and tomorrow for the MLSCOVE Conference, a gathering of MLS executives from all over the country. Glenn made time for Cathleen and me this morning, buying us breakfast and regaling us with stories of the not-always-smooth path Redfin is traveling. In real life, the man has a […]
by Brian Brady
Commercial Real Estate Finance Expert
Structured Debt and Equity
Licensed Real Estate Broker in AL, CA, and FL
Bob Haywood, an Owasso, OK real estate agent makes a case for why you should be aware of Redfin.com. Bob articulates, from behind the cloaked wall on Active Rain, why Redfin.com is the REAL agent of change in the real estate industry. Read what Bob has to say: You should pay as much or more […]