Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

5 responses to “Kirkland-Based HouseValues Continues Slide”

  1. christiangustafson

    I saw this headline yesterday, and it puzzled me. Without the lead-generation / subscription business for REALTORĀ®s, what’s left?

    When I enter a property into the HouseValues site, why do *I* have to add the number of of bedrooms, square footage, etc? Zillow knows all of this. Why don’t you? WAYSA?

    I follow HV because they employ a lot of ex-employees from Onvia, where I used to work. Also, heh heh, Keith at HousingPanic shorted them at 9 or so.

    Imagine getting in at 16 or 18 when the insiders were dumping options! Sweet deals!

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  2. biliruben

    Trying to become a new sort of intermediary during a time of disintermediation doesn’t seem like a slam-dunk business model.

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  3. redmondjp

    . . . doesn’t seem like a slam-dunk business model.

    Yes, but neither does selling dog food on the internet. We’re dealing with ex-dot-commers here who have followed the money trail into the RE market.

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  4. Christian

    This is actually too bad for HV:

    http://tinyurl.com/2bcudc

    HouseValues COO Steps Down

    KIRKLAND, Wash. (AP) — HouseValues Inc., a provider of online subscription services for real estate agents and mortgage bankers, said Wednesday its chief operating officer, Clayton Lewis, has left the company to pursue other interests.

    Clayton was easily and by far the best of management at Onvia, and a real standup guy besides. I periodically check the insider transactions for SOLD, and Clayton never did dump his shares (unlike the rest). Maybe his shares were locked up, sure, but I tend to think he was too busy working on the biz to cash out early.

    SOLD’s days were always numbered with the RE bubble.

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  5. S Crow

    My thinking was that as the market became more challenging, particularly outside our state lines, that Realtors would pull back on paying for services such as Housevalues. I’m no different, if money is tight, I’m cutting back where I can.

    Except Mochas. Or This

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