RLGY Stock Price, News & Analysis

Realogy Holdings Corp. (NYSE: RLGY) released its 2020 Corporate Social Responsibility (CSR) Report, emphasizing the significance of 'home' amid the pandemic. The report showcases Realogy's commitment to integrity, boasting recognition as one of the World's Most Ethical Companies for nine years running. It highlights their Great Place to Work certification and initiatives promoting diversity and inclusion. The company adapted to virtual operations, creating programs to support employees during the crisis, while their franchisees engaged in community support. The full report is accessible online.

Guaranteed Rate, a top 5 retail mortgage lender in the U.S., will air its new ad campaign, Believe You Will, during the Super Bowl. This initiative emphasizes the power of positive thinking and features ambassadors like UFC fighter Dustin Poirier and NASCAR driver Ryan Newman. The company aims to inspire audiences by sharing stories of overcoming challenges. The campaign follows a year of significant growth, as Guaranteed Rate funded over $73 billion in loans in 2020.

Realogy Expansion Brands released a report titled "Real Estate in the Time of COVID," detailing the pandemic's impact on the industry. It highlights that initial fears of a downturn were unfounded, with many affiliated companies reporting year-over-year gains. The report emphasizes the importance of data-driven communications and the accelerated adoption of technology. Notable trends include increased competition for listings and a shift in family dynamics affecting buyer behavior. The report serves as a resource for industry leaders to understand and adapt to future challenges.

Sotheby's International Realty is expanding in Ohio with the launch of Elite Sotheby's International Realty, its third affiliated company in the state. Owned by Ken and Mike Schmidt, and led by Managing Broker Joanne Zettl, the new office in Pepper Pike will serve the residential and luxury market in Greater Cleveland. With over a century of combined experience, the team aims to attract local buyers returning from other metropolitan areas. Sotheby's network includes over 23,000 affiliates in 1,000 offices globally, enhancing marketing reach and international exposure for the new firm.

Realogy Holdings Corp. (NYSE: RLGY) announced the pricing of $300 million in 5.750% senior notes due 2029, up from an initial $200 million offering. The notes will be issued on February 4, 2021, through an exempt private offering. Proceeds will primarily be used to repay a portion of outstanding borrowings under its term loan B facility. The notes are guaranteed on an unsecured basis by Realogy Group's domestic subsidiaries and will be effectively subordinated to existing senior secured debt. The company plans to utilize the net proceeds for financial management.

Sotheby's International Realty released its inaugural 2021 Luxury Outlook report, analyzing high-end residential markets post-pandemic. The report predicts a growth in global wealth and changes in buyer preferences toward larger homes with sustainable features and dedicated workspaces. Key findings indicate 63% of luxury agents expect home prices to rise, with trophy buyers concentrated in the U.S. and China. Additionally, high-net-worth individuals experienced a 37% increase in wealth by August 2020. The report underscores the significance of outdoor space and additional square footage for luxury buyers.

Realogy Holdings Corp. (NYSE: RLGY) announced a proposed private offering of $200 million in 5.750% senior notes due 2029. The offering, exempt from registration under the Securities Act, aims to repay part of its term loan B facility. The notes will be guaranteed by Realogy Group's domestic subsidiaries and effectively subordinated to existing secured debts. The application of proceeds may change, potentially repaying other debts. The notes will only be offered to qualified institutional buyers or outside the U.S. This announcement follows similar notes issued earlier in January 2021.

Realogy Holdings Corp. (NYSE: RLGY) has been recognized with over 40 leaders named in the 2021 RISMedia Real Estate Newsmakers List. Sherry Chris, President and CEO of Realogy Expansion Brands, is celebrated for her strategic growth contributions and has been inducted into the Newsmakers Hall of Fame. Ryan Schneider, Realogy's president and CEO, also received recognition. The list honors nearly 300 real estate leaders for their resiliency and ingenuity in a challenging year, enhancing Realogy's reputation as a leading residential real estate services provider.

The Jills Zeder Group has listed the luxurious 'Tranquility' estate in Hobe Sound, owned by Greg Norman and Kirsten Norman, for $59.9 million. This expansive property encompasses over 31,800 square feet of living space on an 8.31-acre lot, featuring amenities like a Pool House, Beach House, and Intracoastal dockage for a 150-foot yacht. The estate offers both oceanfront and Intracoastal access, designed for privacy and entertainment. Jill Hertzberg and Michelle Thomson are the listing agents.