RLGY Stock Price, News & Analysis

Sotheby's International Realty has expanded its operations by opening Northland Sotheby's International Realty in Crosslake, Minnesota, marking its fourth affiliated office in the state. Owned by Adam and Jacqueline Kalenberg, the new office aims to cater to luxury buyers attracted to Minnesota's emerging real estate market. CEO Philip White noted increased interest from out-of-state buyers, particularly from California, Texas, Arizona, Florida, and New York. The new office will enhance global exposure through Sotheby's vast network, benefiting both brokers and clients.

Coldwell Banker Real Estate LLC, a Realogy brand (NYSE: RLGY), has launched "The Report: 2022 Global Luxury Market Insights," analyzing luxury real estate trends and wealth growth. In 2021, the affluent population grew by 19.8%, reaching 3.6 million, with combined wealth exceeding $75 trillion. U.S. wealth surged by 24.8%. The luxury market saw significant growth, with single-family home sales up 14.5% and prices rising 20.3%. The report indicates a resurgence of international buyers and highlights trends like sustainable living and expansion into secondary cities.

Marie Gayo has been appointed as executive vice president of Coldwell Banker Realty's Mid-Atlantic Region. Responsible for sales and operations across New Jersey, Rockland County, Philadelphia, and more, Gayo oversees around 85 offices and 8,600 sales professionals that generated nearly $25 billion in 2021. With 30 years of experience in real estate and banking, Gayo aims to enhance strategic initiatives to boost business performance and agent productivity.

Realogy Holdings Corp. (NYSE: RLGY) announced participation in two upcoming investor conferences. CEO Ryan Schneider and CFO Charlotte Simonelli will represent the company at the Wolfe Real Estate Conference on March 1 and the Wedbush Real Estate Technology Conference on March 2 and 3. As a leader in U.S. residential real estate services, Realogy supported approximately 1.5 million home transactions in 2021, boasting a diverse brand portfolio and a strong presence in the industry.

Sotheby's International Realty reported a record US$204 billion in global sales volume for 2021, marking a 36% year-over-year increase. U.S. sales volume rose by 33.8%, surpassing the national average increase of 20.6%. The surge in sales was attributed to heightened interest in cities and robust performance in secondary markets. The brand also opened 86 new offices globally, increasing its reach to over 1,000 offices in 79 countries. Additionally, Sotheby's real estate website saw over 46 million visitors, highlighting its innovative marketing strategies.

Realogy Holdings Corp. (NYSE: RLGY) reported strong financial results for 2021 with $8 billion in revenue, a 28% increase year-over-year. The company posted a net income of $343 million and earnings per share of $2.95. Operating EBITDA reached $902 million, up 24% year-over-year, although Q4 showed a decline in Operating EBITDA to $157 million. Free cash flow for the year was $553 million, slightly down. Realogy also announced a $300 million share repurchase program, while forecasting 2022 Operating EBITDA between $800 to $850 million.

Realogy Holdings Corp. (NYSE: RLGY) announced the appointment of Melissa McSherry as Chief Operating Officer, effective February 22, 2022. McSherry, with nearly 30 years of experience, will oversee product, technology, marketing, and customer experience. Previously a Senior VP at Visa, she has a strong background in digital transformation and strategy. CEO Ryan Schneider emphasized her leadership qualities and strategic vision for enhancing customer experiences and driving growth. Realogy aims to leverage McSherry's expertise to advance its digital transformation efforts.