BrokerageIndustry News

ZipRealty reports $7.3 million loss in Q1

Company sees rise in foreclosure, short-sale transactions
Published on May 8, 2008

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by CareyBot

Real estate brokerage company ZipRealty announced net loss of $7.3 million in the first quarter, or 31 cents per share, compared with a net loss of $3.1 million in first-quarter 2007.

The company reported that it increased its agent count by 105 from the close of fourth-quarter 2007 to the end of first-quarter 2008, and its first-quarter count was up about 22 percent compared to first-quarter 2007.

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