Monthly Archives: July 2011

HomeAway Sees Profit Fall 85% After IPO

Popular Texas-based online vacation rental service HomeAway Incorporated has just released a statement saying that Q2 profits for the company fell 85% as HomeAway boosted spending to promote its services around the globe. Net income for the company fell to $2.2 million from the $14.9 million earned in the previous year. Sales, on the other hand, rose 41% to $58.7 million from $41.6 million. Continue reading

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Online Scammers Target Texas Home Renters

It isn’t a surprise that within seconds of hopping on Google a prospective home renter can find everything they need about a potential house, including location, price, pictures, virtual tours etc… However, those exact same tools give online scammers the perfect opportunity to take advantage of consumers like yourself. The Better Business Bureau wants renters to keep a sharp eye out for fake ads on places like Craigslist and other internet services that only have one goal in mind, taking your money. Continue reading

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North Texas Sees an Increase in Rental Prices

Despite a slumping housing market as well as an influx of renters, prices for rental properties are on the rise nationally. One-bedroom and two-bedroom rental properties experienced the biggest increase by far. One-bedrooms saw an increase of 15.38% while two-bedrooms saw a 13.17% increase, especially in McKinney, Texas and other North Texas area rental properties. Continue reading

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HomeAway Sees Big Bucks After IPO

HomeAway Incorporated saw a huge surge on its first day after raising $216 million in an initial public offering. HomeAway Incorporated sold its shares at the top end of the marketed range. HomeAway’s shares climbed $13.21, or 49%, to a total of $40.21 on the Nasdaq Stock Market. HomeAway Incorporated sold 8 million shares at $27 per share in its IPO on Tuesday. Continue reading

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