Move.com
Encyclopedia
Move, Inc. is a real estate
web site, which operates the Move Network of real estate web site for consumers and real estate professionals. The Move Network of websites captures more than 15 million monthly visitors and includes: REALTOR.com, Move.com, MortgageMatch.com, Moving.com, TOP PRODUCER Systems, ListHub, SocialBios.com, Builders Digital Experience, Featuredwebsite.com, Homefair.com, Newhomesource.com, SeniorHousingNet.com, and Homeinsight. Move, Inc. features a mobile real estate experience through its Realtor.com mobile real estate search applications for the iPhone
, iPad
, Windows Phone 7
, and Android. Move, Inc., also powers the real estate experiences on MSN
Real Estate and AOL
Real Estate.
Additionally, Realtor.com mobile apps for iPhone, iPad, Windows Phone 7, and Android have been downloaded approximately 6 million times. On average, 13 properties are viewed every second on Realtor.com mobile apps.
The headquarters for Move, Inc. is in Campbell, CA. Move, Inc., maintains offices in Scottsdale, AZ, Westlake Village, CA and Vancouver, Canada. The Company is listed on The NASDAQ Stock Market under the ticker symbol: MOVE.
(NAR) to host and manage the listings of Realtors nationwide in the mid-1990s. At the time, the company operated as RealSelect, Inc. although the company became better known as Homestore.
. In particular, the founder and former CEO, Stuart Wolff, was convicted of insider trading
and falsifying the company books. Wolff's conviction was overturned on appeal in 2008.
W. Mike Long (American Businessman)
, former CEO of Healtheon Corp. and chairman of WebMD
Inc. after its merger with Healtheon took over as CEO on January 7, 2002. He was joined by two other former Healtheon and WebMD executives: Jack D. Dennison, chief operating officer, and Lewis R. Belote III, chief financial officer. Joe F. Hanauer, former head of Coldwell Banker’s Residential Group, was named chairman of Homestore’s board of directors.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
web site, which operates the Move Network of real estate web site for consumers and real estate professionals. The Move Network of websites captures more than 15 million monthly visitors and includes: REALTOR.com, Move.com, MortgageMatch.com, Moving.com, TOP PRODUCER Systems, ListHub, SocialBios.com, Builders Digital Experience, Featuredwebsite.com, Homefair.com, Newhomesource.com, SeniorHousingNet.com, and Homeinsight. Move, Inc. features a mobile real estate experience through its Realtor.com mobile real estate search applications for the iPhone
IPhone
The iPhone is a line of Internet and multimedia-enabled smartphones marketed by Apple Inc. The first iPhone was unveiled by Steve Jobs, then CEO of Apple, on January 9, 2007, and released on June 29, 2007...
, iPad
IPad
The iPad is a line of tablet computers designed, developed and marketed by Apple Inc., primarily as a platform for audio-visual media including books, periodicals, movies, music, games, and web content. The iPad was introduced on January 27, 2010 by Apple's then-CEO Steve Jobs. Its size and...
, Windows Phone 7
Windows Phone 7
Windows Phone is a mobile operating system developed by Microsoft, and is the successor to its Windows Mobile platform, although incompatible with it. Unlike its predecessor, it is primarily aimed at the consumer market rather than the enterprise market...
, and Android. Move, Inc., also powers the real estate experiences on MSN
MSN
MSN is a collection of Internet sites and services provided by Microsoft. The Microsoft Network debuted as an online service and Internet service provider on August 24, 1995, to coincide with the release of the Windows 95 operating system.The range of services offered by MSN has changed since its...
Real Estate and AOL
AOL
AOL Inc. is an American global Internet services and media company. AOL is headquartered at 770 Broadway in New York. Founded in 1983 as Control Video Corporation, it has franchised its services to companies in several nations around the world or set up international versions of its services...
Real Estate.
Additionally, Realtor.com mobile apps for iPhone, iPad, Windows Phone 7, and Android have been downloaded approximately 6 million times. On average, 13 properties are viewed every second on Realtor.com mobile apps.
The headquarters for Move, Inc. is in Campbell, CA. Move, Inc., maintains offices in Scottsdale, AZ, Westlake Village, CA and Vancouver, Canada. The Company is listed on The NASDAQ Stock Market under the ticker symbol: MOVE.
Products and Services
- Realtor.com - REALTOR.com, the official site of the National Association of REALTORS, is the No. 1 homes for sale Web site, offering more listings and essential real estate-related information, to almost 13 million consumers each month. REALTOR.com displays home listings nearly 900 Multiple Listing Services (MLS) across the U.S., resulting in a database over 4 million existing homes available for sale or rent. Approximately 75% of all listings found on Realtor.com are updated every 15 minutes and the remainder are updated every one to 24 hours. |
- Move.com - Launched in May 2006, Move.com is a comprehensive real estate search engine with exclusive access to REALTOR.com’s listing content, as well as new home and rental listings. Move.com includes advice, ideas, how-to, tools, and calculators for homebuyers, renters and homeowners. |
- TopProducer.com - Through Top Producer, Move, Inc., is also a supplier of media and technology solutions for real estate professionals, local and national advertisers, and providers of home and real estate-related products and services. |
- Moving.com - Moving.com offers moving-related services and tools online. On Moving.com, users can compare free moving quotes from up to six licensed movers in their area, or get an instant price quote from featured self-service moving providers. |
- SeniorHousing.net - On SeniorHousingNet.com, visitors can find independent and assisted living facilities, nursing homes, retirement communities and other elderly care. |
- HomeInsight.com - Homeinsight.com gives consumers insight into local real estate market conditions such as the number of unsold homes, how selling prices compare to listing prices, and how fast homes are selling right now. |
- ListHub.net - ListHub provides Multiple Listing Services and real estate brokers and agents with a flexible and complete listing syndication platform that supports the online marketing of their listings through syndication. |
- Homefair.com - Homefair.com offers consumers resources related to moving including: relocation calculators, quotes, and articles on moving and relocation. |
- FeaturedWebsite.com - FeaturedWebsite.com provides real estate consumers with home listings, as well as home comparison data, detailed community information, and expert commentary from a local agent. |
- MortgageMatch.com - Mortgagematch.com offers consumers the ability to gain transparency and education into available mortgage loan process. |
- Socialbios.com - Converts website's stale "about us" into a socially connected "SocialBio" page that displays registered users' dynamic profiles. |
Origin and History
The company began by working with the National Association of RealtorsNational Association of Realtors
The National Association of Realtors , whose members are known as Realtors, is North America's largest trade association. representing over 1.2 million members , including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries...
(NAR) to host and manage the listings of Realtors nationwide in the mid-1990s. At the time, the company operated as RealSelect, Inc. although the company became better known as Homestore.
- 1999 Homestore went public, and immediately became the #1 real estate site on the Internet, and raised $140 million. NAR retained a significant equity position, but Homestore negotiated agreements with hundreds of Multiple Listing ServiceMultiple Listing ServiceA multiple listing service is a suite of services that enables real estate brokers to establish contractual offers of compensation , facilitates cooperation with other broker participants, accumulates and disseminates information to enable appraisals, and is a facility for the orderly...
es (MLSs) and brokerages to secure direct feeds of listings and found itself in a head-to-head competition for listings and traffic with Microsoft’s HomeAdvisor.
- November 2005, Elevation PartnersElevation PartnersElevation Partners is an American private equity firm that invests in intellectual property and media and entertainment companies. The firm has $1.9 billion of assets under management....
, a Bay Area Equity Firm, announced a $100 million investment in Homestore.
- February 2006 Homestore changed its name to Move Inc. to distance itself from the Stuart Wolff controversy and to coincide with an expanded commitment to offering consumers comprehensive real estate listings, decision support tools, and access to qualified move-related service providers.
- October 2009 Move, Inc. entered into a joint venture with Builder Homesite, Inc. The joint venture, Builders Digital Experience (BDX), is dedicated to helping new home builders reach buyers with innovative online marketing solutions by providing the nation’s largest network on new-home web sites and streamlining customer service and support. Through this strategic partnership, BDX operates the Move.com New Homes channel and NewHomeSource.com.
- September 2010 Move acquired online real estate listing syndicator ListHub.
- December 2010 Move launched an online mortgage offering called MortgageMatch.com targeting first time home buyers and those looking to refinance.
- July 2011 Move acquired SocialBios
Criticism and controversy
Much of the past criticisms of the company centered on the actions of the management team during the rise of the dot-com bubbleDot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...
. In particular, the founder and former CEO, Stuart Wolff, was convicted of insider trading
Insider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
and falsifying the company books. Wolff's conviction was overturned on appeal in 2008.
W. Mike Long (American Businessman)
Mike Long (American businessman)
Mike Long is an American business man, former CEO of several public companies, and currently a founding partner of Sulgrave Partners LLC. He served as the President and Chief Executive Officer of Continuum, an Austin, Texas IT consulting company, from 1991 to 1997, having started with Continuum as...
, former CEO of Healtheon Corp. and chairman of WebMD
WebMD
WebMD is an American corporation which provides health information services. It was founded in 1996 by Jim Clark and Pavan Nigam as Healthscape, later Healtheon, and then acquired WebMD in 1999 to form Healtheon/WebMD...
Inc. after its merger with Healtheon took over as CEO on January 7, 2002. He was joined by two other former Healtheon and WebMD executives: Jack D. Dennison, chief operating officer, and Lewis R. Belote III, chief financial officer. Joe F. Hanauer, former head of Coldwell Banker’s Residential Group, was named chairman of Homestore’s board of directors.
See also
- Real Estate Transaction Specification (RETS)
- Internet Data ExchangeInternet Data ExchangeAn Internet Data Exchange is a real estate property search site which allows the public to conduct searches of approved Multiple Listing Service properties in a certain area.Site users generally gain the benefit of anonymous property searching and review...
(IDX) - Real estate trendsReal estate trendsReal estate trends is a generic term used to describe any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change...
- Real estate brokerReal estate brokerA real estate broker, real estate agent or realtor is a party who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy...
- David LereahDavid LereahDavid Lereah is the President of , a real estate advisory and information company located in the Washington, DC area. Reecon Advisors is the owner and publisher of , one of the industry's leading Web sites providing intelligence and information on the residential real estate market. The Web site...