Thursday 29 October 2020

Realogy profit surges to $98M as sales rebound

Citing explosive growth in the housing market, Realogy’s profit surged during the third quarter and the brokerage giant said it would add to its bet on iBuying. Realogy said sales volume for the quarter rose 28 percent year-over-year, with September sales up 50 percent. “The volume improved each month during the quarter,” CEO Ryan Schneider said during an earnings call. Through Oct. 29, sales were up 35 percent from a year ago. Overall, Realogy’s revenue



source https://therealdeal.com/2020/10/29/realogy-profit-surges-to-98m-as-sales-rebound/

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