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Sun 18 Apr 2021 1:25AM

IntentCasting Demo: Mon. 4/19/21 at VRM/CuCo Day

BW Bill Wendel Public Seen by 20

Regrettably, it's been nearly 3 months since the last post on #RE2020 but momentum continues on regulatory and RETech innovations to deliver $30B annually in consumer savings. If you search #RE2020 for the word, "IntentCasting," one of three results that comes up is testimony to the FTC/DOJ hearing on anti-competitive practices in real estate. Hiding houses for sale and selling listings pre-MLS via in-house dashboards has exacerbated "inventory insanity" but generally has gone unreported in the nationwide crisis. However, the publisher of Inman News, the leading real estate tech site, called out the practice recently (see tweet) and the implications are huge!

Real estate represents 1/5th of the GDP, and IntentCasting could play a role delivering $30 to $50 BILLION annually in consumer dollars savings. On Monday, Wendy Gilch the founder of http://SellingLater.com will demo her site at VRM / CuCo Day, Since December 2020, Hadrian Zbarcea, Doc & Joyce Searls of Customer Commons have been collaborating with Real Estate Consumer Alliance (RECALL), an adhocracy of real estate consumer advocates, to develop an e-commerce market-way in based on intentCasting and we'd like to invite RETech innovators to develop solutions for an "App Store." Here's why it's got BILLION dollar implications:

1.  "Intention inventory" has the potential to replace active MLS listings as the measure of supply;
2.  The REIntentWay wouldn't just turn in-house dashboards inside out, they would render in-house matches, preMLS obsolete unless buyers & sellers want to voluntarily impose a _(median commission locally)__% real estate transfer tax on their transactions.

https://twitter.com/RealEstateCafe/status/1383500486624518151?s=20

Hope you join us for Monday, 4/19/21, the morning session begins at 10am EDT and the real estate IntentCasting demo is scheduled for 12:30pm. Please sign-up tomorrow, Sunday to receive a private link to participate via Zoom (organizers may screen / limit attendance).

http://vrmcuco2021a.eventbrite.com

Bill Wendel

[email protected]

617-661-4046

BW

Bill Wendel Sun 18 Apr 2021 3:06PM

OMG is the #Covid_ImpactRE housing market going to swing from #InventoryInsanity to #InventoryOverload?  

1 in 5 or 20% of the nation's homeowners plan to sell their next 12 months.

2 in 5 younger homeowners, Millennials (under 34) want to sell

Watch CNBC interview with Coldwell Banker CEO about their stats abovehttps://youtu.be/ZVk_sKhnumg
During the pandemic, the big worry has been the "dirty of inventory."  What happens to prices as inventory rises and #IntentionInventory enables #P2P transactions?   

Comment below or on twitter thread:

https://twitter.com/RealEstateCafe/status/1383797512272678918?s=20