{"id":18567,"date":"2021-10-19T07:00:13","date_gmt":"2021-10-19T14:00:13","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18567"},"modified":"2021-10-19T07:00:13","modified_gmt":"2021-10-19T14:00:13","slug":"overnight-news-in-the-easiest-real-estate-market-ever-zillow-discovers-that-real-estate-brokerage-is-hard-work-and-decides-to-take-a-breather","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18567\/overnight-news-in-the-easiest-real-estate-market-ever-zillow-discovers-that-real-estate-brokerage-is-hard-work-and-decides-to-take-a-breather\/","title":{"rendered":"Overnight News: In the easiest real estate market ever, Zillow discovers that real estate brokerage is hard work and decides to take a\u00a0breather."},"content":{"rendered":"

\"Ya

\u201cIf you tell me you\u2019re a bird dog, it doesn\u2019t mean you can\u00a0fly.\u201d<\/p><\/div>Here’s an interesting question: Given that we know that the iBuyers gouge buyer’s agents,<\/a> could it be that they also gouge all their other vendors?<\/p>\n

This could explain why Zillow has discovered that it is unfit for the house-flipping business:<\/a> It can’t get rehab contractors, and, for bizarre reasons unknown, it (says) it can’t move its deals through title and escrow. Paper-shuffling was to have been propteched by now, likewise online notarization, but it’s not like there is a sudden supply-chain shortage of chatty, chubby folks to close deals.<\/p>\n

What’s really Zillow’s problem? Duh. College boys can’t broker real estate from 30,000 feet, but before that there is this: The profitability of real estate brokerage, if any, entails NOT<\/strong><\/u><\/em> owning the inventory. All iBuyers make stupid marketing mistakes all the time, but their worst mistake \u2013 risking their own funds \u2013 will bleed them white as the market turns.<\/p>\n

Not really a problem for Zillow: They have two reasons for iBuying, to stay in front of consumers \u2013 and to stay in front of agents. As long as pie-eyed agents are willing to pay Zillow to sell their own clients back to them, they can continue to soak their toes and call it swimming.<\/p>\n

In other news:<\/em><\/strong><\/p>\n

CNN Business:<\/strong> Zillow slams the brakes on home buying as it struggles to manage its backlog of inventory.<\/a><\/p>\n

CNBC:<\/strong> Homebuilder sentiment bounces back despite ongoing supply chain problems.<\/a><\/p>\n

City Journal:<\/strong> Some Things Money Can\u2019t Buy: For everything else, there\u2019s deception.<\/a><\/p>\n

Andrea Widburg:<\/strong> The DOJ has finally disgorged some exculpatory evidence about January 6.<\/a><\/p>\n

John Stossel:<\/strong> Let Life Resume: “It’s not admitting defeat; it’s admitting reality.”<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cIf you tell me you\u2019re a bird dog, it doesn\u2019t mean you can\u00a0fly.\u201dHere’s an interesting question: Given that we know that the iBuyers gouge buyer’s agents, could it be that they also gouge all their other vendors? This could explain why Zillow has discovered that it is unfit for the house-flipping business: It can’t get […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18567","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1264,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1264\/do-you-zlog-making-the-zillow-real-estate-guide-work-for-you\/","url_meta":{"origin":18567,"position":0},"title":"Do You Zlog? Making the Zillow Real Estate Guide Work For You","author":"Brian Brady","date":"April 4, 2007","format":false,"excerpt":"Do you Zlog? Let me define Zlogging on Zillow.com for you. Zillow solicited listings this past fall from Realtors and announced the Zillow Real Estate Guide (formerly known as the wiki). I was a huge critic of the practice of posting listings because I felt their intentions were disingenuous. I\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3353,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3353\/i-dont-need-to-show-you-any-stinking-badges-im-a-zillow-all-star\/","url_meta":{"origin":18567,"position":1},"title":"I don’t need to show you any stinking badges! I’m a Zillow All Star!","author":"Greg Swann","date":"July 11, 2008","format":false,"excerpt":"About a month ago, Zillow started showing the number of contributions you have made to their data base in your profile. Up at the top you see the total number of contributions, and down below you get a running total of recent contributions. It was obvious where they were headed,\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2810,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2810\/destination-vertical-zillow-houses-hot-or-not-for-homes\/","url_meta":{"origin":18567,"position":2},"title":"Destination: Vertical. Zillow houses “hot or not” for homes","author":"Greg Swann","date":"March 20, 2008","format":false,"excerpt":"Dig this. Dumb but fun. A sticky way to see a lot of ads -- but fun anyway. Serious reflection #1: Another way for Zillow to be a sticky, top-of-mind vertical search portal. Get 'em there. Keep 'em there. Satisfy all of their real estate needs. Serious reflection #2: The\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2177,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2177\/google-acquires-zillow\/","url_meta":{"origin":18567,"position":3},"title":"Google acquires Zillow?","author":"Greg Swann","date":"November 7, 2007","format":false,"excerpt":"\"Google and Zillow announce the acquisition at the Realtors Conference and Expo in Las Vegas (NAR).\" Technorati Tags: disintermediation, real estate, real estate marketing, technology","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":274,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/274\/zillow-poll-results\/","url_meta":{"origin":18567,"position":4},"title":"Zillow poll results . . .","author":"Greg Swann","date":"September 1, 2006","format":false,"excerpt":"...at Sellsius&176; blog. Good sense abounds. I'm not campaigning for a replay, but, a year from now, when the dew is off the Zillow rose, it would be interesting to see if opinions have changed significantly. Bravo to Sellsius&176; for doing all this work in any case. Technorati Tags: blogging,\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17107,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17107\/the-news-is-not-that-zillow-is-going-to-have-agents-its-going-to-have-newbies-for-agents\/","url_meta":{"origin":18567,"position":5},"title":"The news is not that Zillow is going to have agents. It\u2019s going to have newbies for\u00a0agents.","author":"Greg Swann","date":"September 23, 2020","format":false,"excerpt":"Housing Wire: A Zillow spokesperson told HousingWire that these people are already employed with Zillow, and will be getting real estate licenses. Zillow said it will not be recruiting for these positions. It's a boiler-room job \u2013 in the same article, George Laughton says Zillow still won't be getting its\u2026","rel":"","context":"In "iBuyers"","block_context":{"text":"iBuyers","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ibuyers\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/austin-distel-97HfVpyNR1M-unsplash-480x320.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18567"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18567\/revisions"}],"predecessor-version":[{"id":18568,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18567\/revisions\/18568"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}