Industry News

Summer is bright for online real estate company

News analysis: Homestore climbs out of the shadows
Published on Aug 12, 2005

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by CareyBot

Homestore Inc., which operates several home-search Web sites, including Realtor.com, is an extreme example of the dot-com boom and bust: its stock price reached a high of $122.25 in January 2000 before free-falling to 29 cents in October 2002.

But now the company appears to be rebounding from a murky past that has included management problems and accompanying legal and financial nightmares ...

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