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by CareyBot

Real estate brokerage and franchise company Realogy Corp. on Wednesday reported a net loss of $27 million in the second quarter, with a 21 percent year-over-year decline in home-sale transaction sides within its franchise unit and a 19 percent decline at company-owned offices. The average home-sale price fell 5 percent within Realogy's franchise group and dropped 8 percent among company-owned offices during the second quarter compared to the same quarter last year, the company reported (see related story here on Realogy's latest earnings). "In the midst of a very difficult housing market, Realogy remains focused on increasing productivity and reducing our operating costs to enhance our ability to manage through this protracted downturn and, ultimately, be well-position to capi...