What were the most important events in real estate in 2021? And how might those events change the industry moving into 2022?
On this episode of Industry Relations, Rob and Greg sit down to reflect on what they see as the most significant headlines of 2021, discussing the real reason behind Zillow’s abrupt exit from the iBuyer market and what Zillow 3.0 might look like.
Rob and Greg explore the significance of NAR’s apology for its racist past and policy changes around hate speech, describing how the ethics complaint against Pastor Brandon Huber reflects a growing division in the industry.
Listen in for insight on the impact of MLSs becoming technology companies and find out why it’s time for you to start learning about the blockchain and what this trend toward decentralization means for the future of real estate.
What‘s Discussed:
Rob & Greg’s take on the most important events in real estate in 2021
The DOJ’s withdrawal from its settlement with NAR and Biden’s subsequent Executive Order on competition
How Zillow’s acquisition of ShowingTime changed the way vendors, MLSs and associations do business
The real reason behind Zillow’s exit from the iBuyer market and what Zillow 3.0 might look like
Rob’s prediction that Rich Barton will retire again in 2022 and why Greg thinks he’s wrong
The significance of NAR’s policy changes re: the transparency of listing data
Why NAR’s apology for its racist past matters and how it might serve as the first step toward reparations
The ethics complaint against Pastor Brandon Huber and how it reflects the growing division in organized real estate
How Greg thinks about MLSs becoming technology companies and what it means for vendors
Rob’s insight on how blockchain technology might impact real estate
Connect with Rob & Greg:
Resources:
Biden’s Executive Order on Promoting Competition in the American Economy
The DOJ’s Antitrust Case Against NAR
The DOJ’s Withdrawal from Its Settlement with NAR
Business Insider Article on Zillow’s Project Ketchup
Rob’s Post on Zillow’s Project Ketchup
Ben Thompson on Zillow’s Decision to Exit the iBuyer Market
Rich Barton on the Stratechery Podcast
NAR Policy Changes on Transparency of Listing Data
Bloomberg Article on the NAR Formal Apology for Past Racism
Changes to the NAR Speech Code
Pastor Brandon Huber’s Lawsuit Against the Missoula Organization of REALTORS
The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous
