Industry Notes

Apartmentfinder.com launches updated Web site. Updated features to the Web site include prominent one-click access to information on apartments, rich content displays, featured apartments and "virtual earth" map. Users can search for apartments through the use of varios parameters including radius, price range, bedrooms and distance to colleges/universities or military bases. For more information, click here.

Condo.com to host first online condo auction. Condo.com partnered with Elad National Properties, Cornerstone Marketing and Auction Management Solutions to hold an online auction which will take place on May 16, 2009 and will feature 40 condominium units at the Enclave at Briarcliff in Atlanta, Ga. It will be the first auction of its kind. Bidders will be able to place bids online or in person; reserves are marked 30% below asking prices. For the full story, click here.

Move, Inc., operator of Realtor.com, reports $10.6 million loss in Q1. The company cited $1.9 million in severance pay and $8.7 million in stock-based compensation charges associated with turnover at the executive level. Revenue for Q1 was reportedd at $54.9 million, down 11.3% from Q1 2008. For more information, see the full article at Inman.com.

Trulia wins Webby Award. The Web site, which one the 2008 People's Voice Webby Award, was awarded a 2009 Webby in the real estate category by The International Academy of Digital Arts and Sciences. Trulia competed aginst the Better Homes and Gardens real estate page, Hotpads.com, NYTimes.com's real estate page, and RiverfrontPark.com. The winner of the 2009 People's Voice Award was Hotpads.com. To read the full story, visit the Trulia blog.