Move, Inc. is a real estate listing company based in

Santa Clara, California Santa Clara (; Spanish for " Saint Clare") is a city in Santa Clara County, California. The city's population was 127,647 at the 2020 census, making it the eighth-most populous city in the Bay Area. Located in the southern Bay Area, the cit ...

. The company operates the Move Network of real estate websites, the largest of which is

Realtor.com Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Santa Clara, California. It is the second most visited real estate listings website in the United States as of 2021, with over 100 million ...

. Move has a longstanding partnership with the

National Association of Realtors The National Association of Realtors (NAR) is an American trade association for those who work in the real estate industry. It has over 1.4 million members, making it one of the biggest trade associations in the USA including NAR's institutes, so ...

, the real estate industry's largest

trade association A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. An industry tra ...

, for operating Realtor.com.

Operations

Move was established in Delaware under the name InfoTouch Corporation in 1993. The company is based in

, and operates Move.com and

. Move owns the listing syndication and reporting platform ListHub. The company also operates Avail (following its acquisition in 2020), Doorsteps.com (following its acquisition in 2013)
Moving.com
Relocation.com, and UpNest (following its acquisition in 2022). Tracey Fellows was named acting

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

(CEO) of Move and Realtor.com in June 2019. David Doctorow was named CEO in January 2020. Bryan Charap has served as

chief financial officer The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

since 2015. In 2020, Move named Rachel Morley

chief product officer A chief product officer (CPO), sometimes known as head of product, is a corporate title referring to an executive responsible for various product-related activities in an organization. The CPO is to the business's product what the CTO is to techno ...

who was subsequently fired a few months later and Mickey Neuberger

chief marketing officer A chief marketing officer (CMO), also called a global marketing officer or marketing director, or chief brand officer, is a corporate executive responsible for managing marketing activities in an organization. Whilst historically these titles may ...

. In 2022, Bryan Ellis became chief revenue officer and Arthur Chapin became chief growth officer.

History

Homestore

Stuart Wolff founded the online real estate company Homestore Inc. in 1996. He established a partnership with the

, and his company, RealSelect Inc., operated

. Under the agreement, the National Association of Realtors had a small stake in RealSelect. The company went public as Homestore.com, Inc. in 1999, and was traded on the

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

stock exchange. In October 2000, Homestore agreed to purchase Move.com from Cendant Corp. for $761 million in stock, leaving Cendant with a 15 percent stake. In 2001, Homestore operated the websites HomeBuilder.com, HomeFair.com, Realtor.com, and SpringStreet.com, acquired HomeBid, and owned the software Top Producer as well as Wyldfyre technologies. In August, the company purchased iPlace Inc., for $150 million. During the rise of the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...

, Wolff was convicted of

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information ...

and falsifying revenue results, and several additional executives received prison sentences for inflating earnings. Homestore's 2000 and 2001 financial reports required refiling, and the

U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

investigated the company in 2002. Wolff's conviction was overturned on appeal in 2008, but he eventually plea bargained for a sentence of 3–5 years. Wolff resigned as CEO in January 2002, and was replaced by a new management team. Homestore.com, Inc. changed its name to Homestore, Inc. in 2002, then rebranded as Move, Inc. in 2006. The company's stock symbol was changed from "HOMS" to "MOVE", and the Move.com website was launched in May 2006. On February 22, 2006 Homestore, Inc. announced the acquisition o
Moving.com
from TMP Directional Marketing, LLC. Moving.com provides consumers with offers from qualified movers, truck rental, and self-storage providers, as well as access to a sophisticated mortgage rates directory. Mirus Capital Advisors represented TMP Directional Marketing and Moving.com in the transaction.

Move, Inc.

Move acquired the company Threewide, which operated the real estate listing service ListHub, for $13 million in September 2010. Move retained ListHub as its own separate brand. Move launched an online mortgage offering called MortgageMatch.com in December 2010, targeting first time home buyers and those looking to refinance, then acquired the social search platform SocialBios in 2011. In 2013, Move reported $227 million in revenue and $600,000 in profit. Move ended its three-year partnership with AOL real estate in December 2013, and its decade-long partnership with MSN Real Estate in July 2014. In September 2014,

News Corp News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...

agreed to purchase Move for $950 million, marking the former company's largest acquisition to date. Move operated the third most-trafficked website network for U.S. listings at the time. Ownership of Move is shared 80/20 between News Corp and

REA Group REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company. REA Group is headquartered in Melbourne, Australia with subsidiary offices in Wanchai, Hong Kong and Gurugram, India. RE ...

, respectively. The deal was endorsed by the National Association of Realtors, which licensed the Realtor.com URL to Move and allowed the company to operate the site. This agreement continued after the deal closed in November. In 2015, Move relocated its headquarters from San Jose to Santa Clara. Move acquired the document and transaction management provider Reesio, which specializes in residential real estate, in October 2015. The financial terms were not disclosed, and Reesio's four founders joined Move's team. In 2016,

Zillow Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006, and was created by Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer R ...

paid $130 million to Move and the National Association of Realtors to settle a lawsuit over trade secrets, following its employment of two individuals who had held executive roles at Move. Move sold its lead-generation company TigerLeads to Commissions Inc., a

customer relationship management Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study large amounts of information. CRM systems compile data from a ra ...

system provider, in December. Move acquired interior design and lifestyle website

Remodelista Remodelista is an interior design and lifestyle website operated by Remodelista LLC. It was founded in 2007 by the current editor-in-chief Julie Carlson along with Francesca Connolly, Janet Hall, and Sarah Lonsdale. The company is based in New Yor ...

and outdoor spaces and garden design website

Gardenista Gardenista is an outdoor spaces and garden design website operated by Remodelista LLC. It was founded in 2011 by Julie Carlson and Michelle Slatalla initially as a section of Remodelista, and then as a separate entity in 2012. The company is based ...

in 2016 as part of

's marketing strategy. At the time of purchase, the two sites represented 1.5 million monthly readers. "Behind Realtor.com's Remodelista-Gardenista acquisition"
''Business of Home'' 2016-07-15 In June, 2019 the company sold back the websites to founder

Julie Carlson Julie Carlson (born November 24, 1960) is an American writer and co-founder of interior design and lifestyle website Remodelista and outdoor spaces and garden design website Gardenista operated by holding company Remodelista LLC, owned by Carlson ...

and husband Josh Groves and are now independently operated by Remodelista LLC."To Our Readers: Remodelista Update"
''Remodelista'' 2019-06-01 Move acquired Opcity, the Austin, Texas-based

real estate technology Property technology (also known as proptech, PropTech, prop-tech, and real estate technology) is used to refer to the application of information technology and platform economics to the real estate industry. Property technology overlaps with financ ...

company, for $210 million in 2018. The company, which developed a platform that uses artificial intelligence and machine learning to match potential home buyers with agents, initially continued to operate as an independent business but was later integrated into Realtor.com. In 2020, Move acquired Chicago-based Avail, a platform with online tools and education content for landlords. Move sold the

platform Top Producer to Constellation Real Estate Group in March 2021. The following year it acquired UpNest, a platform that connects home sellers and buyers with local agents competing for business.

References

External links