Dang, my inbox has been flooded with stories lately. Here’s a recap of some of the more interesting ones related to the local housing market. Click below to read tales of rising rents, flaming hot office markets, expensive and stale listings, virtual property tours, disappearing mortgage options, booming condos, and more!
Entries Tagged as 'business'
Bubble Link Roundup
By The Tim on August 16th, 2007 at 2:29 PM · 17 Comments
→ 17 CommentsCategories: Uncategorized
Tags: Beeson, behind the cycle, Boone, business, CNNMoney, condos, Financing, lending, link_roundup, misc, Olympian, rent, Seattle_PI, Seattle_Times, Tacoma_Tribune, Wells
Kirkland-Based HouseValues Continues Slide
By The Tim on January 25th, 2007 at 6:37 AM · 5 Comments
More bad news for local real estate lead-generation company HouseValues:
Amid a slumping real estate market, HouseValues Inc. is cutting 12 percent of its work force and closing its online lead generation business for mortgages.Sixty employees are losing their jobs, all at the company’s Kirkland headquarters.
…
In a memo to employees, HouseValues Chief Executive Ian Morris said that the company has encountered a number of challenges because of a “steep decline in transaction volume in many local real estate markets.”
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A HouseValues employee, who was not involved in the layoffs and asked not to be identified, said that “morale has been very low and a lot of people have been quitting from all departments.” As of September, the company employed 590 people. But the employee count has drifted lower in recent months as people have left for other jobs.
Also, HouseValues stock is down another 46% since I last mentioned them nine months ago. Maybe it’s just me, but now doesn’t exactly seem like the best of times to be building a business centered around real estate sales.
(John Cook, Seattle P-I, 01.25.2007)
→ 5 CommentsCategories: Uncategorized
Tags: business, HouseValues
