We lost Gregg LeNoir Allman in 2017 at age 70, and we lost Dickie last week at age 80 – rest in peace. We won’t see anything like this again. (hat tip just some guy): “Melissa” (sometimes called “Sweet Melissa”) is a song by American rock band the Allman Brothers Band, released in August 1972 […] The post RIP Dickie Betts first appeared on bubbleinfo.com ..read more

They are only three months into their mega-launch of Homes.com, and CoStar founder and president Andy Florance is already taking victory laps. He is also the #1 cheerleader for buyers going directly to the listing agent, which will be the end result of all the changes underway. Here’s Andy talking in front of a group […] The post CoStar Charging Ahead first appeared on bubbleinfo.com ..read more

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The locked-in effect has been bandied about for the last couple of years as the reason why the inventory remains thin. But it’s not stopping those who want to pay cash and avoid a mortgage altogether – every area is showing increases in the all-cash purchases. If you don’t want to leave your local neighborhood, […] The post All Cash first appeared on bubbleinfo.com ..read more

Yesterday, it was announced that CoStar is buying Matterport. Excerpts: I look forward to welcoming Matterport to the CoStar Group family and believe that we will be stronger together, in pursuit of our common mission,” said Andy Florance, Founder and CEO of CoStar Group. “The world has changed and today a Matterport is the new […] The post The New Open House first appeared on bubbleinfo.com ..read more

On Friday, the Plaintiffs’ counsel filed a Motion for Preliminary Approval of the commission-lawsuit settlement agreement with the federal court, so the two new rules will go into effect in late July, apparently. The plaintiffs have requested a hearing on final approval of the settlement by the court to be held on November 22, 2024. […] The post July Conversations (Or Sooner) first appeared on bubbleinfo.com ..read more

The graph above should give us all some guidance on where the 2024 market is going. Sales are hanging tough though. There have been 117 NSDCC closings this month, so we should get close to the 165 sales we had last April. The median sales price is running +5% above last April too. The $0 […] The post Inventory Watch first appeared on bubbleinfo.com ..read more

This is the #1 reason I went to Compass, and I didn’t really feel like I had a choice. When realtors get disrupted, this is the way the big brokerages can survive while the little guys die. Hoard the listings in-house as ‘private exclusives’, like they do in the commercial real estate. The practice is […] The post Off-Market first appeared on bubbleinfo.com ..read more

First-time home buyers are a growing share of the market, making up half of all home buyers last year, according to Zillow’s Consumer Housing Trends Report. Homeownership is easier to break into in some markets than others, and Zillow has named this year’s best markets for first-time buyers, where their dollars go further and starter homes […] The post Best Markets for First-Timers first appeared on bubbleinfo.com ..read more

Pardon the casual presentation. I’m used to working with this same basic graph format but it’s limited to 50 datapoints – we’d really like to take these back a few years to see the long-term trends. But in early 2023, the active listings in the $3M – $4M category were range bound between 1,170/sf and […] The post Overly Optimistic first appeared on bubbleinfo.com ..read more