Move Inc. expects another tough year 

Executives at Realtor.com operator Move Inc. expect mortgage delinquencies and tightened credit standards will continue to weigh on home sales at the upper end of the market in 2010, restricting spending by the real estate agents and brokers who drive the company's business.

Move's annual report -- filed Friday, one day after the company announced a $4.5 million net loss for the final quarter of 2009 -- sheds light on why Move expects revenue to decline by as much as 12 percent this year, and details the cost-cutting measures taken to trim losses.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.