Amazon, Go

Okay, okay, let’s talk about Amazon HQ2

Everybody is talking about it, and it’s definitely going to have some kind of effect on the local economy in Seattle, so even though it’s a bit late, let’s talk about Amazon’s HQ2.

Unless you’ve been living under a rock, you’ve no doubt seen the news that Amazon is seeking to build a second headquarters somewhere “in North America” that “will be a full equal to our current campus in Seattle.” GeekWire has been covering the story extensively (including a data-based city analysis by yours truly), so if you need to catch up on the facts, head over there. For the discussion here, let’s focus on the possible impact this development will have on the Seattle-area real estate market.

Redfin IPO Raises $138 Million, Share Prices Climb

Redfin’s long-awaited IPO went well for the Seattle-based technology-powered real estate brokerage this morning. They priced the IPO at $15 per share last night, raising $138 million for the company. When shares started trading on the open market this morning under the ticker symbol RDFN they opened at $19.56.

Net Loss as a Percent of Revenue: Redfin and Zillow (2014-2016)

Redfin files S-1, likely to IPO later this year

News broke late this afternoon that after 13 years as a “startup,” Redfin has finally filed their S-1 with the SEC, signalling their intent to make an initial public offering (IPO) later this year.

Let’s take this opportunity to directly compare some financial and usage data between Redfin and Zillow.

ValueAppeal: Drops Property Tax Appeals Business

The minds behind ValueAppeal, a long-time friend of Seattle Bubble, have decided to get out of the property tax appeal business. From the GeekWire story: ValueAppeal CEO Charlie Walsh made the tough decision to shut down the service earlier this year, saying the economics of helping homeowners challenge their tax bills for as little as […]

Demand for Seattle Rentals Still Outstripping Supply

There’s a great in-depth article on local rent increases in today’s Seattle Times: Soaring rents force lifestyle changes For renters and homeowners, market forces are permanently altering the familiar face of many neighborhoods. While wealthy newcomers are helping to revitalize neighborhood business districts, the reality is that many renters, saddled by stagnant wages, are being […]