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

Realtor.com operator Move Inc. on Thursday reported a $2.2 million net loss in the second quarter, or 1 cent per share, compared with net income of $4.4 million, or 3 cents per share, in second-quarter 2007. The company has plans to reduce annual operating expenses by $20 million by the end of 2008, according to the report, "the full effect of which will not be realized this year," and the company has engaged an investment banker to assist in the sale of Welcome Wagon, a business segment that focused on delivering advertisements to new homeowners. Move Inc., which operates home-search site Realtor.com through an agreement with the National Association of Realtors trade group and also operates the Move.com Web site, reported total revenue of $61.4 million in the second q...