HouseValues Takes a Big Hit

John Cook reports that things are looking grim for the lead generator.

posted a net loss of $1.5 million for the quarter. That compared to profits of $4.3 million for the same period last year.

I’m not sure I buy CEO’s explanation that it was all due to market conditions. I’d pin it on evolving online marketing strategies and Realtors and brokers no longer paying for leads.