World’s Largest Real Estate Group Positive Signs of a Recovery

 

by Stefan Swanepoel


Realogy Corporation, the world’s largest real estate franchise group, last week reported their results through March 31st. The one-liner is that the Q1/10 revenue of $819 million is up 18% over the same period last year.

The growth is principally attributed to the move-up, higher priced markets and a comparatively weak first quarter in 2009. According to Realogy president and CEO Richard A. Smith, the company also saw gains in the average home sale price during the last year.

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