Online Real Estate: ZipR, Move

Here is a quick update on how ZipRealty (NASDAQ:ZIPR) and Move (NASDAQ:MOVE), the key online real estate players, are faring in the troubled US housing market.

Move in Challenging times

With the falling real estate market, the Move Inc. stock price has been hammered down in the last one year and is currently trading at $1.78 with a total market capitalization of just over $300 million. The 52-week range for the stock is $1.75 – $6.69.

Online Real Estate Sector Struggling

Naturally. let’s take a closer look at ZipRealty and Move. ZipRealty, a full-service real estate site, has been reviewed here before. On November 7, 2007, ZipRealty announced 3Q earnings with an increase of net revenues of 7% to $28.0 million, up from $26.2 million YoY. And the number of Zip Agents grew by 30%. However,

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Can Move Move Up?

National Association of Realtors (NAR), whose over 1 million members are Realtors, is a century-old powerful trade association of real estate agents and brokers in US. Besides owning the word ‘Realtor’ as a registered trademark, the NAR has sufficient clout among the decision makers, which stems from its being the US’ third largest donor to

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