Brokerage giant Realogy Holdings reported a net loss of $462 million during the first quarter as coronavirus threatened to freeze the housing market. The company reported a $447 million impairment charge that it attributed to “broad-based declines” in the market, as well as a $38 million increase in interest expenses. But momentum heading into the first quarter propelled Realogy to $1.1 billion in revenue, up 6 percent year-over-year. The brokerage giant — the parent company
source https://therealdeal.com/2020/05/07/realogy-reports-462m-first-quarter-net-loss/
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