Strong Realogy Q3 driven by home sale transaction increases

  • Realogy pulled off an impressive third quarter and is very bullish about the fourth quarter and 2016.
  • The company reported revenue of $1.7 billion, which represented a 9 percent increase compared with Q3 2014. According to Realogy, this increase was driven by higher home sale transaction volume.
  • The company's net income was $110 million, and the basic earnings per share was $0.75.

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Realogy pleased the market with stronger-than-expected figures in the company’s third quarter, reporting revenue of $1.7 billion, which represented a 9 percent increase compared with Q3 2014. According to Realogy, this increase was driven by higher home sale transaction volume.