Home » Agent Productivity, Economy & Housing Bubble, General, Real Estate Trends

Real Estate Trends Update: Realogy Announces Loss

28 March 2008 by Stefan Swanepoel 51 views 3 Comments
Real Estate Trends Update: Realogy Announces Loss

Realogy Corp. announced this week additional plans to further cut costs through about 70 company-owned office consolidations.  This follows the earlier announced closing of some 67 company-owned last year. 

At the same time a loss of $797 million was announced by Richard Smith, company Chairman. Annual revenue has also been declining steadily down to $5.97 billion compared to $6.49 billion in 2006 and $7.14 billion in 2005.

These closings show prudent decissions in a declining housing market and validates Realogy listing in the 2008 Swanepoel Trends Report as one of the Top 10 Trendsetters of the Year 2007.

Print This Post Print This Post
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

3 Comments »

  • Dale Simmons said:

    I just came across your blog about real estate and wanted to drop you a note
    Telling you how impressed I was with the information and insight that you have posted. I also have a web site & blog about real estate so I know what I am talking about when I say your site is top notch! Keep up the good work, you are providing a great resource on the internet here. I have book marked your site. I look forward to reading more of your post.

    # 30 March 2008 at 10:15 pm
  • Orange County Home Inspector said:

    This is a great blog as it’s vital for me to stay on top of real estate trends. Home inspectors are as affected by slumps in the real estate market just like real estate agents. Keep up the good work.

    # 1 April 2008 at 1:54 am
  • cash gifting said:

    I think this article done a great job.What a best way to describe your view. Thanks for sharing with us. Really like your informative article. Hopefully we will get more interesting topic from you in future.

    # 16 October 2008 at 10:01 am

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.