Mike's Stories
Opinion
Merging two real estate portals consolidates market and pricing power within one organization and allows a quickened growth pace, but it also allows for an increased value — a good deal for consumers
Opinion
With the recovery of new listings coming to market slowing and buyer demand remaining strong, the supply and demand imbalance doesn’t appear to be changing soon
Rather than looking at a wholistic picture of the rollercoaster of recovery, think of it as 10,000 different rollercoasters moving independently of one another. Not all markets will recover the same
Opinion
Opendoor and Offerpad will now list homes directly. Ultimately, this new service, still in the early stages and not fully rolled out, represents a way for iBuyers to make money without having to actually buy houses
Opinion
Evidence suggests that once restrictions are lifted in the hardest-hit markets, new listings rebound quickly
Unrivaled technology investment to boost agent efficiency has been a key component of the Compass narrative, but it remains an aspiration rather than a clearly demonstrable reality
Opinion
The current evidence supports more of checkmark-shaped recovery rather than a V- or U-shape — beginning with an immediate drop that lasts 3-4 weeks, followed by a gradual recovery
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
