Breaking Down Trulia’s Q4 Earnings

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Feb. 14 (Bloomberg) –- Trulia Co-Founder & CEO Pete Flint discusses the company’s Q4 earnings, the San Francisco housing market and the launch of their strategic marketing campaign with Emily Chang on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

Marketing, the number of sales is going to grow incrementally.

The study you guys came out with, it showed the technology was not necessarily the reason that prices were going up.

They were high to begin with before san francisco became the tech hub it is today.

You just heard what tom perkins has to say.

There have been these protests against the google buses.

A real estate technology business based in san francisco, what do you think of the tensions that have been going on and what you feel is trulia's responsibility in this environment?

The employment situation in the bay area -- there are more jobs than there have been in many years.

There is significant employment in san francisco and the greater bay area.

Clearly we are watching this tension, which is a minority of people that are having the evictions.

I think this is fantastic for the bay area.

Fantastic, this housing growth.

What has held things back is the permit situation, the amount of new construction has slowed to match the demand for housing.

You watch around certain areas.

Every block there is a new building that is going up.

Some of it is commercial, some residential.

There's not enough housing to meet the demand.

We think over the next several years, all these buildings will come on board that will ultimately lower prices.

You think prices will come down?

I think they will stabilize over the next several years.

Her so much inventory that will come on the market.

I don't know what the policy in the office is.

I imagine they're looking at this and saying this is an opportunity to increase the number of housing units that are available.

That will moderate supply and demand.

It is the manhattanization of silicon valley.

The construction going on, the price appreciation.

In maybe five years' time you will start to think of san francisco like manhattan is today.

Pete flint, cofounder and ceo of trulia.

We will be right back.


This text has been automatically generated. It may not be 100% accurate.


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