Industry News

HouseValues’ profits up

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HouseValues today reported net income of $3.7 million, or 14 cents per diluted share, for the second quarter of 2005, capping off its 17th profitable quarter, company officials said.   The real estate marketing and lead generation company reported revenue of $20.6 million for the quarter, up 85 percent from the same period a year ago. Net income was up from $2.3 million, or 11 cents a share, the previous year.   The company continued to invest in new services for real estate professionals during the quarter with the launch of a service aimed at helping mortgage professionals capture more business and build stronger relationships with consumers and real estate agents.   The service, launched in June, offers lenders an exclusive look at prospective home purchase clients through HouseValues' lead service. The service includes exclusive home buyer leads, a mortgage customer relationship management system, and training and account management support. &nb...