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by CareyBot

Move Inc., which operates property-search and other real estate Web sites including Realtor.com, on Thursday reported a $3.5 million loss in net income applicable to common stockholders during the second quarter, a result of the sluggish housing market and credit problems. By contrast, the company posted net income of $1.4 million for the second quarter of 2006. "Clearly the residential real estate market is going through a challenging period," said Mike Long, Move's chief executive officer, in a statement. "... We are well positioned to help both consumers and real estate professionals weather current conditions and emerge stronger." Move's total revenue for the second quarter was $73.6 million, down slightly from $73.9 million in the second quarter of 2006. EBITDA -- earnings before inte...