Redfin Goes Public

Friday Redfin, the online real estate brokerage went public.  Investors liked it and the stock RDFN, went up 45%.  Yet even with that, it’s market cap is under $2B.  Why is that I wonder? Real estate is and always will be a local business.  It’s also a very personal business.  It is true that Realogy

The Trouble With Escrow

The Trouble With Escrow Posted on October 14, 2016by Tim Freund When it comes to most anything, it’s safe to say California leads the way.  Mario Salvio and the free speech movement at Cal Berkeley in the early 60’s; the environmental movement of the 1970s began following the Santa Barbara oil spill even medical marijuana in

Just How Local Is The Real Estate Market?

Real estate is local.  That’s what they say anyway… usually it’s the final tag line in an article or interview discussing real estate values and market conditions.  Kind of an afterthought really, yet factually just relevant enough that it needs mention.  The funny thing is, real estate is so local that any broad analysis can