There have been a lot of stories in recent weeks about the housing market slowing down, not just in Seattle, but across the country. I thought I would post a quick roundup of some of the stories I’m seeing…
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’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.
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.
The Tim’s parody Zillow-Trulia mashup logo
Today’s the big day for Zillow and Trulia, as they complete their big merger. John Cook over at GeekWire has a good write-up: Here is Zillow’s big concern as it prepares to gobble up rival Trulia
You may have seen some stories earlier this month about Flipt, yet another new real estate site based here in the Seattle area. Here’s an excerpt from GeekWire’s May 1 story about the launch of Flipt: A new Seattle startup wants to fill what it believes is a gap left by real estate sites like […]
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 […]