HouseValues lays off 60 employees locally
Hmmmm, the Seattle Times article in today’s business section talks about HouseValues reducing staff because they’re moving out of selling leads to mortgage brokers and they had also overestimated where they’d be financially at this time on top of the fact that sites like Zillow.com have taken over part of their target site user. HV will now go back to the original focus of selling directly to real estate agents and I have a feeling they’ll have some difficult days ahead of them.
Not only was there a layoff but yet again there are upper management shifts. In the short time this firm has been in business they’ve had a lot of staff changes in the upper tier management and C-levels of the company.
Posted: January 25th, 2007 under General Real Estate.
Tags: business, HouseValues, layoffs, real-estate
About the Author: Rebecca Haas
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Comments
2.
Comment
from Jon
Time January 25, 2007 at 8:02 pm
John Cook’s Venture Blog has an unusally large number of comments on HV. Interesting to read http://blog.seattlepi.nwsource.com/venture/archives/110781.asp
3.
Comment
from Jillayne Schlicke
Time January 25, 2007 at 9:22 pm
Hey Jon thanks for the link. The sheer number of former HV employees posting comments is worth a look.
4.
Comment
from Laurie Manny
Time January 26, 2007 at 12:25 am
Serves them right. This is a prime example of the public responding to an inferior product. In a world where customer service rules House Values has yet to define the term.
In a world where your customer is your lifeline this is a company that does not have and never had an iota of respect for their customer base.
Good riddance!
5.
Pingback
from Where’s Dogbert when you need him? | Rain City Guide | A Seattle Real Estate Blog…
Time January 26, 2007 at 3:44 pm
[...] Where’s Dogbert when you need him? January 26, 2007 Before Reba posted her article on the upcoming House Values layoffs, I recently ran across an interesting article about HouseValues on MSN Investor. It was basically a press release from Zacks Investment Research that stated HouseValues (SOLD) made their list of the top 5 stocks to sell now. Needless to say, this is not a glowing recommendation. [...]
1. Comment from Brian Brady
Time January 25, 2007 at 6:16 pm
Good riddance