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Redfin CEO says strength of housing market ‘almost feels eerie’ amid economic and health crisis

GeekWire

The Seattle real estate company laid off 7% of its staff and furloughed hundreds of agents in April as the COVID-19 outbreak began spreading. Redfin topped Wall Street estimates for the quarter , reporting $214 million in revenue, up 8%, and a net loss per share of $0.08. Redfin CEO Glenn Kelman at the 2018 GeekWire Summit.

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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

The JumpStart funds aren’t earmarked for particular programs but the General Fund pays for a variety of city services. . “The social and economic benefits of this decision will be felt by families and entire communities in the city.” The legislation passed Tuesday allows for up to $29.4

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Seattle startup founders, investors react to new state capital gains tax that targets stocks

GeekWire

The law imposes a 7% tax on capital gains of more than $250,000 from the sale of stocks and bonds, excluding revenue from real estate and retirement accounts, among other exceptions. The tax sparked controversy within the tech industry because it targets stocks, a key part of compensation for many startup founders and their employees.

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Real estate giant Redfin beats Q2 estimates with $214M in revenue; CEO says ‘we’re inside a tornado’

GeekWire

Seattle-based real estate company Redfin topped Wall Street estimates for its second quarter earnings , reporting $214 million in revenue, up 8%, and a net loss per share of $0.08. The real estate market is on a roller coaster this year as buying activity slowed due to the pandemic but has rebounded in recent months.

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Book excerpt: How tech and government can spin the flywheels of equitable prosperity together

GeekWire

Even though the economic flywheel has provided jobs and created wealth for spending and investment in leading tech cities, it has not solved the social challenges of homelessness, inadequate education, public safety, and transportation. Finding common understanding. Of course, it was never this tidy.

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List of the world’s top female futurists (Update #5)

Trends in the Living Networks

With a PhD in Planning and Innovation Studies, and a Master’s degree in Architecture, Urban Design and Urban Planning, Karuri-Sebina has a sound knowledge base for her work as Executive Manager of programs at the South African Cities Network. Reyhan Huseynova. Location: Azerbaijan. Location: Beijing, China. Ayesha Khanna. Location: Singapore.

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Here’s what tech policy leaders are watching, and expecting, as Biden takes office

GeekWire

. “A lot of people are looking for a new place to move or relocating because of COVID, so the housing market by and large has been strong but clearly there are a lot of people out there who are struggling,” said Ken Wingert, head of federal government relations for the Seattle-based real estate tech company. ”

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