FYI, I will be migrating the website to a new host this weekend. During the migration I will likely disable comments to avoid anything being posted and lost during the transition. Hopefully things should be fully operational again by the end of Saturday with minimal disruption, but be aware that it may take some time…
Author: 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. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.
Redfin Turning a Profit Even in Serious Down Market
Congratulations to Redfin, who announced today that they are officially profitable: The Naked Truth is Out: Redfin is Profitable Redfin was profitable last month, all while maintaining our 97% customer satisfaction. The business has been growing by leaps and bounds, in part because the real estate market has had a small rally this summer, but…
Major Local Commercial Real Estate Developer Struggling
Speaking of developers having financial trouble, the Puget Sound Business Journal has a story up today about a major local commercial developer on the rocks: Developer Mike Mastro’s troubles mount. A longtime, prominent Seattle developer is facing a mounting string of legal actions as he struggles to pay off millions of dollars in loans at…
Weekend Open Thread (2009-07-10)
Here is your open thread for the weekend beginning Friday July 10th, 2009. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known. Be sure to also check out the forums, and get your word…
Stalled Development Map Update, Developments in Foreclosure
Just a quick update on the Seattle Bubble interactive stalled / slow development map. So far readers have contributed 48 stalled and/or slowed residential developments in the greater Seattle area. The greatest concentration by far is in the Bothell area, which may be due primarily to the fact that that’s where a few especially prolific…