Move, Inc. (NASDAQ:MOVE)
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The Company has created an online service that enables consumers to find real estate listings and other content related to residential real estate, moving and relocation.
The Company has created an online service that enables consumers to find real estate listings and other content related to residential real estate, moving and relocation.
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In theory, should do MUCH better in down RE market. In a soft RE market, on-line vendors like MOVE cost less than newspaper ads and deliver measurable results. However, intertia/habit of RE agents make on-line vehicles a tough sell, especially when trying to impress sellers desparate to sell. MOVE could/should do a better job of changing herd mentality, selling measurable performance vs. CYA of newspaper ads. If they keep their marketing expenses down, I think they will show impressive results contrary to conventional wisdom.