Partnership Shocking Real Estate: Real Words

Zillow and Opendoor’s new partnership may be shocking, but their partnership could work.Experts Byron Raisin and Nicole White discuss what’s next, consumer confidence, and present a new political segment that opens the door to some big debates

Byron Lazine and Nicole White, two Connecticut agents, give their thoughts on the week’s news every Friday in their weekly video column about Inman, “The Real Word.”

Byron Raisin and Nicole White kicked off this week’s episode by discussing the amazing Zillow and Opendoor partnership. After facing huge fines and media backlash for misleading consumers, Razin and White discuss the details of her Zillow decision to join forces with the wayward Open Door.

Lazine and White read an announcement about a new partnership. Zillow would like the options Opendoor can offer its customer base, especially to expand its mortgage offering.

While the marriage is shocking, it’s not without benefits for both companies. Zillow’s financial stability and Opendoor’s flexible client services. This collaboration could prove to be exactly the spark these two only lacked and fill the existing gap. Backing Opendoor with that image, Zillow may be able to provide premier agent seller leads.

Next, the duo dove into CNBC’s Consumer Confidence Report survey. Homebuying sentiment is that he is at his lowest point in more than a decade. Only 17% of consumers surveyed in July believe now is a good time to buy a home. The percentage of sellers who think it’s a good time to sell their home has dropped to 67%.

Finally, Lazine and White presented their latest segment, Left-Middle-Right. This is a dive into the political headlines the real estate industry needs to know. This rapid-fire segment was designed to be the starting point for a neutral discussion of how politics affects agents in the workplace. This week they discussed declining inflation, climate change, taxes, devastated pensions and SoftBank’s big losses.

Byron Lazine has boldly predicted that Compass could be bought by a big company, hinting that it could be profitable for both companies. Razin recommends that Compass agents start preparing now for the big changes ahead.

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