Sacked by market headwinds and competition from rivals “who seem fine with losing money,” Realogy lost $99 million during 2019’s first quarter — nearly 48 percent more than last year’s loss of $67 million. On Thursday, the New Jersey-based conglomerate reported overall revenue of $1.1 billion for the quarter, a 9 percent decline. Transaction volume also dropped 9 percent, compared to an industry-wide drop of 4 percent, according to the National Association of Realtors. During […]
source https://therealdeal.com/2019/05/02/realogy-struggles-as-competitors-seem-fine-with-losing-money/
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