Industry News

It’s a mad mad mad mad real estate world

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There's a case buried somewhere under a big "W" containing a large cache of real estate fortunes, with a cast of some racing to locate it. Executive offices point left, brokers and Realtors go right. Franchises affiliate one way, franchisees go another. We have up markets, down markets and bizarre markets. Interlopers, outerlopers, discounters and for-sale-by-owners. Pretty soon a business model will launch that pays home sellers for their listings. It's a mad mad mad mad real estate world. What's the real story? San Diego, March 22, 2007: "Trulia, Zillow shown the door at Prudential Real Estate convention." I await the follow-up -- commentaries, blogs. The sheer word count on ActiveRain. Within minutes after the Inman News PM Edition arrived, I began receiving e-mails inquiring whether I had seen the story. What was my take? Theories and speculation ranged from the lawsuit that could result to suggesting that it's time "these interlopers got what they deserved." I read all the mes...