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Realogy Holdings Corp. (NYSE: RLGY) stands as the leading and most integrated provider of U.S. residential real estate services. The company's diverse operations encompass franchise, brokerage, title and settlement businesses, and a mortgage joint venture. Realogy boasts a rich brand portfolio, featuring some of the most recognized names in real estate such as Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®.
Realogy leverages innovative technology, comprehensive data, and advanced marketing products to fuel the productivity of its independent sales agents. The company offers top-notch learning and support services and high-quality lead generation programs, helping agents build stronger businesses and best serve today’s consumers. Realogy’s affiliated brokerages are operational globally, with approximately 188,900 independent sales agents in the United States and over 122,400 agents across 113 other countries and territories.
Proudly headquartered in Madison, New Jersey, Realogy has been recognized for nine consecutive years as one of the World's Most Ethical Companies. Additionally, it has been designated a Great Place to Work and one of Forbes' Best Employers for Diversity.
Latest News:
On March 7, 2024, Sotheby's International Realty announced that Vista Real Estate in Northern California had joined its network, rebranding as Shasta Sotheby's International Realty. This addition signifies the brand's ongoing growth in California, marking its 111th office in the state. Owned by Chad Phillips, Shasta Sotheby's International Realty will serve four counties including Shasta, Siskiyou, Trinity, and Tehama. The firm aims to provide luxury service to clients across diverse real estate markets, from ranches to riverfront residences.
Sotheby's International Realty, founded in 1976, has developed a substantial global footprint with more than 1,115 offices in 84 countries and territories. The company supports its affiliates with extensive operational, marketing, recruiting, educational, and business development resources, benefiting from its association with the renowned Sotheby's auction house.
Realogy Holdings Corp. (NYSE: RLGY) reported strong Q3 2021 results, with revenue of $2.2 billion, up 15% from the previous year. The company generated $273 million in Operating EBITDA and net income of $114 million, leading to earnings per share of $0.98. Free cash flow reached $282 million. Realogy repaid $435 million in debt, improving its capital structure with a Net Debt Leverage Ratio of 2.3x. The company's closed transaction volume rose by 12%, contributing to market share gains for the fifth consecutive quarter.
Realogy Holdings Corp. (NYSE: RLGY) and Home Partners of America appointed Katie Finnegan as CEO of their joint venture, RealSure, on October 26, 2021. Finnegan, known for her innovation in consumer experiences, aims to simplify real estate transactions while retaining agent relationships. RealSure, operational in 24 U.S. cities, offers unique solutions for home buying and selling, benefiting from the expertise of agents from Realogy's well-known brands. This strategic move is expected to enhance Realogy's competitive edge and growth in the residential market.
Coldwell Banker Real Estate LLC, part of Realogy (NYSE: RLGY), has released its 'Real Estate's New Power Players' report, highlighting a significant surge in luxury real estate ownership among affluent buyers. Approximately 71% of individuals with a net worth over $5 million now own luxury properties valued between $1 million and $5 million, a 180% increase since 2019. The report identifies four key groups influencing the market, with Baby Boomers being the largest segment. The luxury market continues to thrive amid low interest rates and a rebounding economy.
On Oct. 15, 2021, Cartus Corporation held its 21st annual Global Network Conference virtually from Oct. 4-14, recognizing outstanding achievements by its Network members. The prestigious Masters Cup was awarded to National Corporate Housing and Writer Relocations. The conference focused on 'Shaping the Future Together' and featured the Global Citizenship Award winners, including notable names like Murphy's Corporate Housing Associates and CWS Corporate Housing. The event attracted 500 members from 180 companies, emphasizing Cartus' leadership in global talent mobility and relocation services.
Sotheby's International Realty has announced the addition of Iris Estates, which will now operate as Bulgaria Sotheby's International Realty, expanding its presence in Europe. This marks the brand's nearly 200 affiliated offices in the EMEIA region. Owned by Hristo Angelkov and Andrei Manoukovski, Bulgaria Sotheby's will serve the entire country from its Sofia headquarters. The region promises residential investment opportunities, with a luxury market poised for growth. Sotheby's network includes over 24,000 sales associates globally, enhancing exposure and referral opportunities for affiliated offices.
Realogy Holdings Corp. (NYSE: RLGY) will announce its financial results for Q3 2021 on October 28, 2021, before an 8:30 a.m. ET webcast. The company, leading in U.S. residential real estate services, facilitated approximately 1.4 million home transactions in 2020. The earnings call will be led by CEO Ryan Schneider and CFO Charlotte Simonelli, providing an update on the company’s performance and strategic direction.
Sotheby's International Realty announced that Reside Realty Ltd. has joined its network, now operating as Jamaica Sotheby's International Realty. This expansion enhances the brand's presence in the Caribbean, marking its 30th affiliated office in the region. The office, based in Kingston, will serve various islands, driven by increasing interest in luxury real estate. The partnership promises greater exposure and resources, with over 24,000 affiliated associates in 75 countries benefiting from the Sotheby's brand and marketing.
Realogy Holdings Corp. (NYSE: RLGY) announced a joint venture with Centerbridge Partners to form a Title Insurance Underwriter. Centerbridge will acquire a 70% stake in Title Resources Guaranty Company for $210 million, valuing the company at $300 million. Realogy will retain a 30% equity interest. This partnership aims to enhance growth potential and allow Realogy to focus on its core real estate services. The transaction is expected to close in the first quarter of 2022, pending regulatory approvals.
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