It’s Been a Bad Month

Redfin, Zillow, Pb Elemental have all announced layoffs this week.

I hear others like Weber Thompson have also been letting go staff.

This does definitely not bode well for our local condo economy. Who else has been affected that we haven’t heard from?

Sad to say, it’s definitely time for an Urbnlivn meetup, we’re at least a year over due. So I’ve got one in the works; we can drink away our sorrows and the bubblers can rejoice. You in?

About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive in the startup world but he recently caved in the spring of 2014 and became an agent.

You can also find Matt on Twitter or skiing.

  • jo

    ration-l: it’s just the time of year here in Seattle when everyone gets moody

  • jo

    ration-l: it’s just the time of year here in Seattle when everyone gets moody

  • jo

    ration-l: it’s just the time of year here in Seattle when everyone gets moody

  • Mark W

    An add on to my above note – In Saturday’s Times’ New Homes Saturday ad section was a “Dwell on This” column by Sam Anderson, the executive officer of the local Master Builders Association, offering “insight into the housing market.” He wrote, “No one is naive enough to think that the economy will bounce back quickly, but some signs of recovery are already here. Nationally, sales of single-family homes increased by 2.7% in September, up from August sales.”

    Obviously he didn’t anticipate Friday’s surge in unemployment from 6.1 to 6.5% when he wrote that, but taking a single data point from September to argue that signs of recovery are present is ridiculous. In addition he ignored other real estate data points re September sales (new home sales were down 33% from 9/07, and median price of those homes was down 9% yoy – see Sunday’s Times), and of course that market bloodbath in October that wiped out a couple trillion in wealth.

    I’ll take honest pessimism over false optimism.

  • Mark W

    An add on to my above note – In Saturday’s Times’ New Homes Saturday ad section was a “Dwell on This” column by Sam Anderson, the executive officer of the local Master Builders Association, offering “insight into the housing market.” He wrote, “No one is naive enough to think that the economy will bounce back quickly, but some signs of recovery are already here. Nationally, sales of single-family homes increased by 2.7% in September, up from August sales.”

    Obviously he didn’t anticipate Friday’s surge in unemployment from 6.1 to 6.5% when he wrote that, but taking a single data point from September to argue that signs of recovery are present is ridiculous. In addition he ignored other real estate data points re September sales (new home sales were down 33% from 9/07, and median price of those homes was down 9% yoy – see Sunday’s Times), and of course that market bloodbath in October that wiped out a couple trillion in wealth.

    I’ll take honest pessimism over false optimism.

  • Mark W

    An add on to my above note – In Saturday’s Times’ New Homes Saturday ad section was a “Dwell on This” column by Sam Anderson, the executive officer of the local Master Builders Association, offering “insight into the housing market.” He wrote, “No one is naive enough to think that the economy will bounce back quickly, but some signs of recovery are already here. Nationally, sales of single-family homes increased by 2.7% in September, up from August sales.”

    Obviously he didn’t anticipate Friday’s surge in unemployment from 6.1 to 6.5% when he wrote that, but taking a single data point from September to argue that signs of recovery are present is ridiculous. In addition he ignored other real estate data points re September sales (new home sales were down 33% from 9/07, and median price of those homes was down 9% yoy – see Sunday’s Times), and of course that market bloodbath in October that wiped out a couple trillion in wealth.

    I’ll take honest pessimism over false optimism.

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  • http://www.club-penguin.org/club-penguin-cheats/how-to-be-a-ninja-on-club-penguin.html howtobecomeaninja

    The problem, however, is a global economic meltdown. So, this is well out of the reach of any one man or administration fixing. Believe it or not, the TRUE economy is much worse than what even we see today. The current administration is doing its best to “keep it together” until after the elections are finished, meaning we are currently experiencing an artificially BETTER economy than what it actually is.

  • http://www.club-penguin.org/club-penguin-cheats/how-to-be-a-ninja-on-club-penguin.html howtobecomeaninja

    The problem, however, is a global economic meltdown. So, this is well out of the reach of any one man or administration fixing. Believe it or not, the TRUE economy is much worse than what even we see today. The current administration is doing its best to “keep it together” until after the elections are finished, meaning we are currently experiencing an artificially BETTER economy than what it actually is.