Realogy reports $5.7B in 2015 revenue

Revenues increased 7 percent from 2014 despite transaction delays and lower sales volume
  • Despite TRID adding five days to the closing process, volume was still good enough to boost the company’s revenues 7 percent year-over-year to $5.7 billion.
  • Closing times have stabilized since the end of last year, and transaction delays did not dampen contract cancellations or buyer demand.
  • Deployment of the Zap platform, a customer relationship and transaction management system that Realogy acquired through its buy of ZipRealty last year, exceeded the company’s expectations.

The 2015 buzzword in real estate might have been “disruption” — but based on the 2015 earnings report from Realogy Holdings Corp., one of the nation’s largest real estate franchisors, traditional models are still doing just fine.