Recently we’ve witnessed a lot of disruptors disrupting themselves. A perfect example of this is Zillow’s announcement that it is ceasing its iBuying operations and reducing its workforce by 25% due to massive losses in that division. In my opinion, this confirms what many in the industry have been saying for years: automated valuation models are flawed.
If You Build People, Profits Will Follow
Our industry is polarized by fear: fear of competitors, fear of disruptors, fear of the unknown. Real estate has always been cyclical and there has always been competition.
No One can Disrupt Talent
Technology disruption came about in the real estate industry because the consumer was craving it. Now they’re flooded with information on-demand from multiple sources.