Realogy Sees Healthy Spring Growth
May 4th 2015 — Our parent company Realogy has posted a $1.1 billion in revenue in the first quarter of 2015, this is up 5% when compared to the first quarter of 2014, driven by a higher homesale transaction volume.
In a statement Richard Smith, Realogy’s chairman, chief executive officer and president said, “With 10% home sale volume growth, the first quarter was stronger than the 5% to 9% range we anticipated. The increases we saw in homesale transaction sides and average sale price in March, along with the strength of the sales contracts opened in March and April, are indicating a healthy spring selling season for the existing homesale market.”
“Looking ahead at the second quarter of 2015, we expect to see homesale transaction volume gains in the range of 8% to 11% year-over-year on a company-wide basis,” said Anthony E. Hull, executive vice president, chief financial officer and treasurer. “Based on our closed and open sales activity in March and April, we expect second quarter homesale transaction sides to be up 5% to 7% year-over-year and average sale price to increase 3% to 4% for RFG and NRT combined.”
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising and brokerage with many of the best-known industry brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, and Sotheby’s International Realty®, as well as ZipRealty®, its technology-focused brand.
Realogy’s franchise system operates approximately 13,500 offices with more than 251,300 independent Sales Associates conducting business in 104 countries and territories around the world.
Coldwell Banker D’Ann Harper, REALTORS® is located at 18756 Stone Oak Pkwy., Ste. 301, San Antonio, TX 78258 and can be reached at 210-483-7008. Coldwell Banker D’Ann Harper, REALTORS® has been affiliate of the Coldwell Banker® System for over 25 years.