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Crowdsourcing insights into a slumping housing market in Boston

December 11 will mark the 9th anniversary of joining http://BostonBubble.com, a forum for homebuyers to crowdsource insights during the real estate recession.  Over that period, Real Estate Cafe contributed over 100 posts, and two offer context for the current housing market.  Obviously, they were

Posted in "We" companies, #REonTap, Bubble Hour, Bubble map, Housing bubble, Market trends, Price reductions, Savings & Rebates, Seasonality, Sweetest Deals

Who will put savings back into buyer agency?

My assumption is that many buyer agents who take fiduciary duties seriously have worked with buyers willing to pay over asking price because they believe rising prices will offset their leap of faith. In 1988, Nobel prize winning economist Robert

Posted in Bidding wars, Bubble Hour, Buyer agent, Defensive Homebuying, Dual Agency Detective, Great Senior Sell-Off, Housing bubble, Housing forecasts, Real Estate Bubble, Savings & Rebates, Seasonality, Timing the market

Can everything — including buyer agency — be ‘Uberfied?’

Last October, a pundit in Huffington Post asked, “Where is on-demand headed next?”  His answer: We’re now entering what I like to call “phase II” of the on-demand economy… …up the ladder to higher-end professions. It won’t just be drivers and dry

Posted in Buyer agent, Commission Reform, Discount real estate, Fee-for-service, Inventory, Price reductions, RE2020, Real estate rebates, Savings & Rebates, Seasonality

Beyond blockchain: Elevating real estate, delivering billions in consumer savings

“What’s Next?” was one of the themes at #ICNY / #ICNY16 and a day after two blockchain gurus wow’ed that audience in NYC, a blockchain-enabled Bidding War platform quietly won an MIT Hackathon!  Here’s the problem statement: http://bit.ly/BidWarHackIntro What’s next

Posted in Bidding wars, Blockchain, Consumer protection, Disrupt Real Estate, IoT: Internet of Things, RE2020, Real Estate Consumer Bill of Rights, RECALL: Real Estate Consumer Alliance, Savings & Rebates, VRM

Back to the Future: Save billions in real estate fees by 2020?

.@KendallFlyers Can #FlyersRights be model for #realestate? @RalphNader 1st addressed #BuyerAgents 23 yrs ago today pic.twitter.com/gb0nDeM37A — Bill Wendel (@RealEstateCafe) October 28, 2015 Twenty-three years ago today, Ralph Nader energized a budding buyer brokerage movement with his first speech on

Posted in Blockchain, commission rebate, Disrupt Real Estate, Impact Rebates, RE2020, RECALL: Real Estate Consumer Alliance, reVRM, Savings & Rebates, Tech Trends, Unbundling the Commission

#ImpactREbates: Can we crowdfund social good out of real estate rebates?

.@ImpactHubBOS @edXOnline Look forward to learning more re #uLab, link moneysaving #realestate biz models to #SocialGood via #ImpactREbates — Bill Wendel (@RealEstateCafe) September 7, 2015 Historically, September has been a big month for Real Estate Cafe, and this year a

Posted in "We" companies, ASAP: AIDS Shelter Alliance Partners, commission rebate, Crowdfunding, Impact Rebates, Pope's Encyclical, RE2020, Real estate philanthropy, Real estate rebates, Savings & Rebates

Cross-examination: Has Redfin lost it’s religion?

Excellent article by VOX on the evolution of Redfin, but it would be improved by a critical cross-examination of statements like this from Redfin’s CEO Glenn Kelman: EXCERPT:  Redfin set out to change real estate. Then real estate changed Redfin. “…the

Posted in Bidding wars, Buyer agent, commission rebate, Disrupt Real Estate, Dual Agency Detective, Fee-for-service real estate, RE2020, Real estate rebates, RECALL: Real Estate Consumer Alliance, Savings & Rebates

#SmartFailing in Real Estate: Rebates, flat fees & fee-for-service over past 20 years

SMART FAILING: Trying to develop a new real estate business model to downsize commissions?  Whether you’re trying to reward DIY homebuyers with rebates, or help FSBOs — for sale by owner properties — avoid the real estate industry’s bloated commission structure, what

Posted in commission rebate, Discount real estate, Disrupt Real Estate, Fee-for-service real estate, FSBO: For Sale By Owner, RE2020, Real estate rebates, RECALL: Real Estate Consumer Alliance, Savings & Rebates, Tech Trends

@POTUS > Crack down on Conflicts of Interest in real estate, too?

Before the week ends, Inman News will publish their 10,000 word report on the rise and potential impact of new “hybrid real estate” sites on the bloated real estate commission model in the US.  From the perspective of a longtime real

Posted in Buyer agent, Commission Reform, Consumer protection, Defensive Homebuying, Designated Agency, Disrupt Real Estate, Fee-for-service real estate, Real Estate Consumer Bill of Rights, RECALL: Real Estate Consumer Alliance, Savings & Rebates

Uber-fication of Real Estate? Fee-for-service consultants available on-demand (for past 20 years!)

Very pleased that NPR’s nationally syndicated talkshow @OnPointRadio aired a program today about the on-demand economy: Uber, But For Everything We look at the “Uber-fication” of the marketplace.  On-demand services for almost anything, everything, are catching on. Changing our economy

Posted in Commission Reform, Discount real estate, Fee-for-service, RE2020, Real Estate Consumer Bill of Rights, Real-time real etate, reVRM, Savings & Rebates, Tech Trends, Unbundling the Commission
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