Buoyed by rising home prices, real estate giant Realogy posted $5.3 billion in net revenue in 2014, up 1 percent from a year ago.
“Realogy was involved in approximately 27 percent of U.S. existing homesale transaction volume involving a real estate brokerage firm — a full percentage point gain in market penetration compared to 2013, said CEO Richard A. Smith.
“The key contributors to our market penetration increase were our relative strength at the high end of the housing market and our ongoing growth initiatives.”
Realogy’s company-owned (NRT) and franchise (RFG) business segments’ combined homesale transaction volume (transaction sides multiplied by average sale price) in 2014 increased by 5 percent compared to 2013.
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