RLGY Stock Price, News & Analysis

Century 21 Real Estate LLC has been ranked #245 in Entrepreneur's Franchise 500, recognizing its performance in unit growth, financial strength, and brand power. With over 155,000 affiliated sales professionals in 14,250 offices across 86 countries, the ranking highlights the brand's resilience in a challenging year. Century 21 continues to lead in brand awareness for 23 consecutive years, demonstrating strong consumer recognition and preference in real estate transactions. This accolade reinforces its mission to enhance the real estate experience for professionals and consumers alike.

Realogy Holdings Corp. (NYSE: RLGY) has successfully priced a private offering of $1 billion of 5.250% senior notes due 2030, upsized from an initial $550 million. The offering is set to close on January 10, 2022, pending customary conditions. The company plans to use the proceeds to redeem existing 9.375% Senior Notes and 7.625% Senior Secured Second Lien Notes, along with related costs. The notes will not be registered under the Securities Act and are offered only to qualified institutional buyers.

Sotheby's International Realty has expanded its network in Texas with the addition of Staples Property Group LLC & Lake Palestine Real Estate, Inc., now known as Staples Sotheby's International Realty, marking its 25th office in the state. Headquartered in Tyler, Texas, the firm will operate three offices and is owned by Dana Staples, who brings 16 years of real estate experience. This expansion reflects increasing buyer interest in the region due to its charm and lifestyle offerings. Sotheby's network comprises nearly 25,000 associated sales agents across over 1,000 offices worldwide.

Realogy Holdings Corp. (NYSE: RLGY) announced a proposed private offering of $550 million in senior notes due 2030. This offering is set to help redeem the company's outstanding 9.375% Senior Notes due 2027, along with related interest and expenses. The notes will be guaranteed by Realogy Group's domestic subsidiaries and are effectively subordinated to existing senior secured debts. The offering will be exempt from registration under the Securities Act and will target qualified institutional buyers.

Corcoran Group has appointed Stephanie Anton as the new President of the Corcoran Affiliate Network, effective January 1, 2022. Anton, who has been with Corcoran since July 2020, will oversee strategy across marketing, operations, and finance within the Affiliate Network. This appointment comes as Corcoran is recognized as one of the fastest-growing franchisors, with over 5,500 agents across 120 markets. Anton's focus will be on expanding the franchise and supporting local affiliates' growth.

The Jills Zeder Group, affiliated with Coldwell Banker Realty in Florida, achieved remarkable success with $2 billion in real estate sales within just 11 months of 2021. This milestone follows their record-breaking sales achievements in previous years, including over $1 billion in sales earlier in 2021. The team specializes in luxury properties, catering to high-net-worth individuals and relocating executives. M. Ryan Gorman, CEO of Coldwell Banker Real Estate, praised their unmatched client care and marketing strategies that led to this accomplishment.

Coldwell Banker Real Estate LLC has appointed Liz Gehringer as the president of its Affiliate business, effective immediately. Gehringer, who also serves as COO, will focus on strategic initiatives to drive growth for franchise owners and agents, leveraging a global presence to enhance brand recognition. She oversees more than 1,400 U.S. and 628 international offices with over 50,000 affiliated agents. Gehringer aims to support agent growth in affluent markets and has a track record of improving customer service and franchisee relationships while leading successful transitions to virtual events.

Coldwell Banker Real Estate reveals insights from a survey about changing trends in homeownership amid the "Great Resignation." A significant 41% of employed Americans are willing to accept lower salaries to move to affordable locations. Younger generations, particularly those aged 18-34, show a higher inclination towards this shift. Popular destinations include Miami, Atlanta, and Austin. The survey also indicates a growing preference for assistance in the home-selling process, emphasizing the need for trusted guidance in the evolving real estate landscape.

Cartus Corporation, a subsidiary of Realogy (NYSE:RLGY), has launched a refreshed service segment called Cartus Insignia, targeting new to mid-sized companies in global talent mobility. This initiative aims to meet the unique needs of organizations moving a limited number of employees each year. The Insignia solutions offer personalized support and resources for newcomers to global mobility, HR generalists, and experienced leaders with limited bandwidth. Cartus emphasizes its commitment to long-term relationships, operational improvements, and enhanced employee experiences through this service rebranding.