Hacker Connect January 16 in New York
An event for and by the real estate tech community

More cost-cutting at HouseValues Inc. helped the provider of online tools for real estate professionals and real estate search sites for consumers trim first quarter losses to $1.2 million, company officials said Tuesday. That's an improvement from the fourth quarter, when HouseValues posted a $9.8 million net loss, including $9.3 million in charges related to the reduced carrying value of goodwill and long-lived assets after the company exited the mortgage lead-generation business last year. In a regulatory filing, HouseValues said first quarter revenue declined 8 percent from the previous quarter, to $11.2 million. Losses before interest, taxes, depreciation and amortization (EBITDA) were $100,000, compared to an $800,000 fourth quarter EBITDA gain. First quarter cost-cut...