The more things change; the more they stay the same?
by Steve Murray, publisher
We’re already at work on our next 30 years. All the pieces are there—a deep base of industry knowledge and a desire to report on it and engage with the people of residential brokerage. We also have a young, talented and somewhat experienced team who are learning about brokerage and related firms at a phenomenal pace. It’s a business model built to last. We have a desire to continue to be The Trusted Source—now and forever.
When we old-timers talk, we’re amazed at how resilient the industry has been. We can all admit that we thought it would have changed much more than it has—not that we wanted it to change. As you can see from some of our articles in this issue, while the players have changed, the fundamentals haven’t.
The internet was supposed to have changed everything, yet it really hasn’t. Sure, the internet has expedited communications and access to information. It’s also made it easier to find customers. However, the basic underpinnings of the industry remain remarkably similar to that of 30 years ago. Funny to think that 30 years ago, Keller Williams had just launched, Sears and Merrill Lynch were still around, and Berkshire Hathaway hadn’t even begun to think about being in our business. There were more MLSs and regionalization was still in the future, but the central role of the Realtor® market-place remains intact—perhaps stronger today than back then.
There are scenarios yet to unfold. Read further in this issue about some of the things that we think could have a profound impact on housing and brokerage. Some could change the way the industry is arranged, such as Upstream and ratings and review sites.
It will be fun to see where it all goes. And, we will do all we can do to be there to analyze it and report to you on our findings.