Realogy reports $132 million loss in Q1

Real estate brokerage and franchise company Realogy Corp. on Wednesday reported a first-quarter net loss of $132 million, while net revenues totaled $1.05 billion for the period.

While the company saw a decrease in transaction sides and a slip in average home-sale price, officials said the quarterly net loss was mainly due to an interest expense of $164 million.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.