Rightmove Delivers Great Results As the Business Slows
February 28, 2009 by Simon Baker · 2 Comments
The Rightmove full year 2008 results show a year on year increase in revenues of 30.6% from £56.7m to £74m. In addition, they also increased profit by 36.8% from £18.6m to £25.5m. The underlying profit margin increased slightly from 33% to 34%. On the surface, these look like fantastic results, especially given the underlying market conditions. However closer analysis shows that the business will face some more challenging times in during 2009.
Rentals Auctions With bidrent.com
February 27, 2009 by Emma Sorensen · Leave a Comment
With the market slumping and demand for rentals predicted to rise, it’s a good time to look at innovations in the online rentals area of property portals.
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NAR Appoints Social Media Manager
February 26, 2009 by Emma Sorensen · Leave a Comment
Companies and organisations are finally coming to terms with the reality that they need to take social media seriously. So seriously in fact that the National Association of Realtors in the US (NAR) have advertised for and, after a lengthy search, appointed a social media manager.
The job has gone to Todd Carpenter.
Todd is the founder of Bizomi Consulting LLC, and mariah.com, a web 2.0 network of real estate and mortgage industry blogs, tools, and web sites including lenderama, REMBEX, and Denver Modern Homes. According his bio on the website’s blog, Todd has worked in the real estate and mortgage industry since 1992. His experience includes service and sales in retail mortgage, wholesale lending, and internet marketing solutions.
More recently he’s worked as a new media consultant helping real estate and mortgage professionals use effective and affordable new media tools to market themselves.
Todd will leave his independent businesses behind and lead the effort to help NAR’s staff and volunteer leaders engage with members and others in social media.
There has been much speculation over who would be appointed. Revealing the long-awaited news, Hilary Marsh at NAR said:
“We loved Todd’s ideas, his easygoing manner, his reputation and how knowledgeable he is about social media. We also really valued his relationships with so many REALTORS® who are using blogs, Twitter, Facebook, LinkedIn, and other social media channels to connect effectively with one another and with potential clients and customers.”
The appointment is a true indication of the value and potential of social media for the property industry and has the property blogosphere in a spin.
Realtytrac Release Foreclosure Widget
February 25, 2009 by Emma Sorensen · 1 Comment
US website RealtyTrac is currently one of the leading online marketplaces for foreclosure properties.
Together with Caspio, Inc., a company developing custom web applications, they’ve announced the launch of a new foreclosure widget.
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Move Inc. President Departs
February 25, 2009 by Emma Sorensen · 3 Comments
US based Move, Inc., has announced that the company’s current president, Lorna Borenstein, has decided to leave the company effective 13 March 2009.
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REA Group Announces 47% Net Profit Growth but No Dividend
February 25, 2009 by Simon Baker · 16 Comments
The REA Group today announced $11.4 million in first half profits, a year on year growth of 47%. Underlying this growth in profit was a year on year growth in revenues of 28% to $91.3 million. The key driver of this growth continues to be the Australian business, which delivered a 26% year on year increase in revenues and a 40% increase in EBITDA. However, while operating cash flow was $10.2 million, the Directors again failed to declare a dividend.
While on the surface these look like strong results, especially given the economic environment, a closer look reveals that revenue growth appears to be slowing. The business may be in for a tough second half of 2009.
Walk Scores Live on zillow.com
February 25, 2009 by Emma Sorensen · 2 Comments
Earlier this year propertyportalwatch.com reported on a cool Walk Score functionality that several US portals were planning to introduce to their websites.
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trulia.com Property Comparison Function
February 25, 2009 by Emma Sorensen · 1 Comment
US property search engine trulia.com has launched CompareIt!, allowing properties on trulia.com to be compared.
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funda.nl Expands Audience and Listings
February 24, 2009 by Emma Sorensen · Leave a Comment
Dutch property portal funda.nl has revealed that it will make its listings accessible via local eBay classifieds website marktplaats.nl.
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thinkproperty.com Free-to-List Growth
February 24, 2009 by Emma Sorensen · 2 Comments
thinkproperty.com might be leading the change from paid to free-to-list
Late last year thinkproperty.com changed to a free-to-list model and it already looks to be paying off for the UK portal, with the company reporting that the number of agents listing on the portal has risen.
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