Bloomberg interviewed Redfin CEO Glenn Kelman at the GeekWire Summit today. Glenn had some interesting comments about the Seattle real estate market, Amazon, and the national real estate market.
Many people in this middle-class town have now been priced out. We are probably past peak Seattle. For the first time this year we saw more people using our website to leave Seattle than to come to Seattle. It has been a moment of reckoning for this town… Some folks have said, ‘enough is enough.'”