HomeServices CEO Chris Kelly criticized real estate industry practices that conceal key market information from buyers and sellers, specifically targeting the hiding of days on market and price history data. Kelly argued that withholding this information constitutes a "disservice" to market participants who need complete data to make informed decisions.
The CEO's comments address what he characterized as the "myth of harmful transparency" that some industry players use to justify limiting data access. Kelly suggested that concerns about transparency causing market disruption are overblown and that buyers and sellers benefit from having complete market information.