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Zillow Cuts 25% of Staff
First Redfin, and now Zillow: This week we are reducing our workforce by 25%. This was an incredibly painful decision for me and the leadership team, but, in the end, we concluded that we had no choice but to securely batten down the hatches as we sail into a major economic storm. The unprecedented economic…
Local Foreclosure Counseling Agency “Overwhelmed”
KING 5 reports that the increase in foreclosures is putting stress on one local non-profit that offers assistance to distressed mortgage owners. For homeowners caught up in the mortgage meltdown, finding help to save their homes is getting tougher. A Seattle non-profit group helps those facing foreclosure, but the small office is overwhelmed. … The…
More Good List-Based “News” from Forbes
The constant stream of lists from Forbes provides a great distraction and source of amusement. Their latest list is no exception. Behold the ten “Best Cities To Ride Out The Recession”: Austin, TX Oklahoma City, OK Honolulu, HI Portland, OR Tulsa, OK Virginia Beach, VA Seattle, WA Baltimore, MD Boston, MA Lancaster, PA From the…
September Neighborhoods Months of Supply Update
Let’s have a look at “Months of Supply” for the 30 NWMLS areas in King County. For an explanation of what months of supply means, please refer to the original neighborhood MOS breakdown post. Also, view a map of these areas here. September MOS for King County as a whole came in at 6.57 (compared…