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by CareyBot

HouseValues will cut 100 positions companywide and close its Yakima, Wash.-based call center, after second-quarter revenues plunged 28 percent from last year to $16 million and the company posted a loss for the quarter. HouseValues said it suffered a net loss from continuing operations of $286,000 during the second quarter, compared to net income of $2.5 million during the same quarter last year. In a Securities and Exchange Commission filing, the online lead generation and lead management company said real estate agents have shown a "reduced propensity to invest in marketing" as sales slowed in many major markets. HouseValues operates, and The loss was recorded despite past cost-cutting efforts that slashed expenses for the quarter to $17.1 m...