HouseValues Inc. laid off 45 employees Wednesday, and Chief Financial Officer R. Barry Allen will resign, the online real estate marketing and lead-generation company said. The announcement comes on the heels of HouseValues' decision to invest $2.75 million in the real estate social networking site AcitveRain (see Inman News story). Last fall, Kirkland, Wash.-based HouseValues laid off 100 workers -- or about 30 percent of its workforce -- after announcing a $900,000 third-quarter loss. In a regulatory filing, HouseValues said it expects to post a net loss for the fourth quarter and year, but will save about $5 million a year from the latest layoffs. The layoffs, approved Jan. 22 by the company's board of directors, "are in recognition of real estate market trends and the effect t...
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