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.

Surefield Pricepoint Home Pricing Tool

Surefield Releases New Map-Based Home Pricing Tool to Compete with Zillow & Redfin

Local alternative brokerage Surefield added another slick new tool to their arsenal this week: A map-based home pricing tool that they are calling Pricepoint. Together with their flagship 3D home tour technology (previously spotlighted here), this new offering strengthens Surefield’s focus on home sellers.

The tool offers an interactive, transparent alternative to Zillow’s black box “Zestimates,” and is touted by Surefield as “the most accurate and reliable way to price a home.”

The Shadow Inventory Myth is Dead

A little over a year ago, I wrote a series of posts in which I argued that “shadow inventory” (foreclosed homes held off the market by the banks) was nearly non-existent. "Shadow Inventory" Conspiracy Theories Are Nonsense Shadow Inventory Gut Feelings, Rumors, & Anecdotes Undocumented Shadow Inventory Scarce in King County Despite all of the […]

Redfin Gains Instant National Footprint With Acquisition of Walk Score

Full disclosure: The Tim is currently a Redfin shareholder. Well this is interesting. Redfin was one of the last real estate search sites to integrate Walk Score into their listing pages. Today Redfin announced that they have acquired Walk Score. From Redfin’s blog post: The acquisition is Redfin’s first and the reason for it is […]

Alternative Brokerage Spotlight: Redfin

Full disclosure: The Tim was employed by Redfin, and is currently a shareholder. Read the series intro: Alternative Brokerages Flourishing Around Seattle First up in our in-depth series on alternative brokerages around Seattle is the technology-powered real estate brokerage Redfin. Redfin was started here in Seattle in 2004, and currently serves buyers and sellers in […]