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by CareyBot

Realogy Corp. on Wednesday reported a net loss of $50 million in the third quarter, which follows a $27 million net loss in the previous quarter. Revenues fell from $1.62 billion in third-quarter 2007 to $1.34 billion in third-quarter 2008. The international brokerage giant -- with company-owned and franchise brands that include Coldwell Banker, Century 21, ERA, Sotheby's International Realty and Better Homes and Gardens Real Estate, among others -- reported that its home-sale transaction sides fell 15 percent among its franchisees and dropped 10 percent among its company-owned offices year-over-year in the third quarter. "The current economic conditions of this country are weighing heavily on consumer confidence and thus on the housing industry," said Richard Smith, co...