Realogy appears to be having a very good year, with news of it’s Q2 earnings. According to Inman, the real estate company brought in $2.3 billion in revenue between April-June—an 81 percent increase over Q2 last year.
Realogy’s net income stands at $149 million, after the company lost money in the same quarter in 2020.
“In the second quarter, Realogy delivered phenomenal results, significantly advanced our balance sheet, and generated impressive free cash flow that enables us to invest in our future,” said Charlotte Simonelli, Realogy’s executive vice president, chief financial officer and treasurer, in a statement. “Over the past year, Realogy has achieved tremendous quality and consistency in our financial performance.”
The company’s title and mortgage companies are reported to be major drivers in the overall success, as well as Realogy’s work in the luxury market through Corcoran, Sotheby’s International Realty and Coldwell Banker.