AgentBrokerage

Strong Realogy Q3 driven by home sale transaction increases

ZAP expected to increase productivity and entice agents
  • 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. Realogy owns several large real estate brands and brokerages, including Better Homes and Gardens, Century 21, Coldwell Banker, Sotheby's International Realty and ZipRealty. The company's net income was $110 million, and the basic earnings per share was $0.75. [graphiq id="1hdfv8TEYYZ" title="Realogy Holdings Corporation (RLGY)" width="700" height="530" url="https://w.graphiq.com/w/1hdfv8TEYYZ" link="http://listings.findthecompany.com/l/16830945/Realogy-Holdings-Corporation-in-Madison-NJ" link_text="Realogy Holdings Corporation (RLGY) | FindTheCompany"] Zap 'going exceedingly well' News of the rollout of ZipRealty's tech platform, Zap, was at the top of the list for analysts at Realogy's upbeat thi...