BY BRAD INMAN Staff Writer
Two years ago as we approached the year 2016, I predicted Donald Trump would be elected President. My crystal ball hasn’t always been so prescient. Last year I guessed that in 2017 Zillow would expand overseas and NAR would pick a woman CEO (stupid me).
I was right about the soaring housing market and Redfin’s public offering, but otherwise this year did not unfold exactly as I had anticipated. Ibuyer Opendooris indeed growing but at a much slower pace than I expected. Consider this a warning about this year’s predictions for 2018.
1. Tax reform legislation, which will be signed by President Trump by the end of this year, will be amended next year and Congress will give back the homeownership bennies taken away in the original bill.
The National Association of Realtors (NAR) will take credit for using its steroids-like political muscle to manipulate the politicians.
2. Speaking of NAR, the powerful trade group will not squash RPR or Upstream.
A fan of Bruce Springsteen
, CEO Bob Goldberg will quickly discover that singing a new hit tune is difficult when the old band (trade group bureaucracy) controls the score and the set.
3. Compass will successfully go public
. Last month, the fast-growing real estate technology company announced its plans to expand into 10 new markets in an ambitious bid to grab 20 percent market share in the 20 largest U.S. cities by 2020.
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