Realogy’s finances another reason to believe in the recovery

As I said in my post the other day, the reason I believe the housing recovery is already in swing is, well, a lot of small reasons. One after another, bits of good news keep showing up.

Today, for example, Realogy (owner of Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA, and others) announced that its revenue was up and it’s net loss was down for the first quarter, “as the housing market showed signs of stabilization.”

In fact, the title subhed of the press release is “Company’s Q1 Results and Q2 Pending Home Sales Consistent with Industry Forecasts for Modest Housing Recovery in 2012.”

Baby steps. But steps in the right direction.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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