Increased Market Interest on realtor.com
November 24, 2008 by Emma Sorensen · Leave a Comment
realtor.com, the official website of the National Association of Realtors in the US, operated by Move, Inc, is tracking a trend that sees users spend more time on the website viewing more pages. The portal argues that this shows that users are still searching, and searching hard, despite the challenging housing market.
Move Inc made the announcement today, quoting data from the October comScore Media Metrics report.
“We’re encouraged to see continued increases in page views and the time our users invest on realtor.com as they search for real estate,” says realtor.com President, Errol Samuelson. “This trend confirms earlier findings from our recent survey indicating a pent up demand for real estate with markets like Stockton-Lodi, CA, Fort Myers-Cape Coral, FL, Las Vegas, NV and Detroit, MI experiencing the greatest year-over-year increases in searches by consumers.”
In a survey conducted last month (GK Custom Research North America Survey, commissioned by Move, Inc.) more than two thirds of home buyers said they’ve held off buying a home because of the overall economic condition. The company says that based on consumer search trends, real estate search is picking up in the markets hit hardest by the recent economic conditions, indicating renewed consumer interest in these areas.
Move, Inc leads the US online real estate market with 8.8 million monthly visitors using its websites (comScore Media Metrix, October 2008). It operates realtor.com alongside Welcome Wagon, Moving.com; SeniorHousingNet, Top Producer Systems and move.com.
realtor.com continues to be the most popular real estate website and consumer traffic on realtor.com increased by 31% year-over-year and by 35% month-to-month in October. Visitors viewed 14% more pages on realtor.com compared to the same month last year. They spent 460% more minutes on the site compared to the closest competitor, for an 11% year-over-year increase in minutes, as time spent on the entire online real estate category declined by -8%.
Lorna Borenstein, President of Move, Inc. said that over the past year the number of users saving a search or listing has doubled, registrations have increased by 50%, and 10 times more visitors were “opting in” to receive marketing offers and other communications than they did a year ago.
“We expect to be well positioned to broaden our lead as the market rebounds,” said Borenstein.
realtor.com’s sister website, move.com, also achieved double digit month-over-month increases in unique users (+12%), visits (+21%) and minutes (+14%), according to the comScore data.
Turning Around Move - the US Leader
November 24, 2008 by Simon Baker · Leave a Comment
Move Inc, the owner and operator of move.com, realtor.com and Top Producer is trading at 5 year lows - can they turn around the business?
Move Announces 3rd Qtr Revenue of US$61.2m
November 6, 2008 by Emma Sorensen · Leave a Comment
Move Inc has released their financial results for the third quarter ended September 30, 2008 showing revenues of $61.2m and an Adjusted EBITDA of $5.7m.
Comparison of Listed Stocks (Oct 08)
November 5, 2008 by Simon Baker · Leave a Comment
In this month’s comparison we can see that the down turn in the global market is continuing to have an impact on the listed property portal sites with most seeing their share prices down month on month. The companies with a the biggest decline were move.com, loopnet.com, rightmove.co.uk and entreparticuliers.fr. Some of these sites hit 12 month lows.
One site to buck the trend was seloger.fr in France who recorded a 14% share price increase following the announcement of its financial performance for the first 9 months of the year.
Finally, it should be noted that while the share prices decrease for these companies, the underlying fundamentals continue to improve as they are mostly market leaders and they continue to have revenue increases while maintain strong margins.
The remainder of the article looks at the overall month on month changes in share price, market cap and the key ratios.
realtor.com Sets the Online Standard?
October 28, 2008 by Emma Sorensen · Leave a Comment
On Monday the National Association of Realtors (NAR) and Move, Inc. announced look and feel changes to realtor.com.
Winners and Losers from the Global Financial Crisis
October 27, 2008 by Simon Baker · 3 Comments
Top property portal sites around the world have announced layoffs. What does the global financial crisis mean for the rest of the property portals? Who will be the winners and losers?
Comparison of Listed Stocks (Sep 08)
October 9, 2008 by Simon Baker · Leave a Comment
In this month’s financial comparison we can see that the down turn in the global market is having an impact on the listed property portal sites with their share prices down month on month. The companies with a the biggest decline were move.com, seloger.fr, rightmove.co.uk and entreparticuliers.fr. Some of these sites hit 12 month lows.
It should also be noted that the movement in currencies has impacted the REA Group as the Australian dollar falls against the US$.
Finally, it should be noted that while the share prices decrease for these companies, the underlying fundamentals continue to improve as they are mostly market leaders and they continue to have revenue increases while maintain strong margins.
The remainder of the article looks at the overall month on month changes in share price, market cap and the key ratios.
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