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According to a new report by Redfin, pending home sales in the Seattle area plunged 15.6% year-over-year in July. It's the sharpest drop among major U.S. metropolitan areas as prospective buyers grapple with steep prices and job insecurity driven by recent tech-sector layoffs. Read More
Zillow Group's second-quarter revenue rose 18% to $772 million, but a $36 million restructuring charge from this week's layoffs pushed the company to a $4 million net loss. Zillow also expanded CFO Jeremy Hofmann's role to include chief operating officer and hired a Google litigation executive as its first chief legal and policy officer. Read More
A WARN notice filed with Washington state shows Zillow Group is cutting 91 jobs in its home state, a fraction of the more than 500 layoffs announced this week. The list of affected positions is dominated by directors, principals and senior managers. Read More
A new report finds the Seattle-area office market is on steadier footing, helped by AI companies opening engineering hubs across the region. Technology firms accounted for 42.5% of leasing activity in the second quarter. Read More
The renewal continues Tableau's long association with Fremont, where the company added offices over the years to accommodate its rapid growth before its $15.7 billion acquisition by Salesforce in 2019. Read More
A federal court has turned down the Federal Trade Commission's request to declare a rentals deal between Zillow and Redfin "presumptively unlawful" before trial next month. Read More
The company said it eventually envisions its Bellevue office growing into a core edge AI research and development center with more than 500 employees over the next decade. Read More
Real estate industry icon Glenn Kelman has found his next home — professionally, anyway. The longtime Redfin CEO, who stepped… Read More
The Wall Street Journal reported this week that the video game developer is the buyer of a waterfront estate north of Miami. Read More
The 3D map offers a property-level sun-path visualization, tracking sunlight and the shadows cast by surrounding terrain, buildings and trees. Read More
