Real Estate companies turn small fortunes
Housing stocks on the rise
Buyers are trying to quickly capitalize on the tail end of low interest rates, which has not only helped the housing market but also workers behind the curtain: mainly Realtors.
Realogy Holdings Corp. (RLGY), owner of real estate brands Century 21, Coldwell Banker, Coldwell Banker Commercial and more real estate firms, reported $4.6 billion in total revenue for 2012.
Per Wealth Daily:
Closely tied to the housing market, property listing services are also making a small fortune as millions of potential homebuyers peruse their online catalogues for homes for sale. The largest online real estate listing service, Zillow Inc. (Z), reported total revenue of $116 million for 2012, while San Francisco-based Trulia Inc. (TRLA) reported $68 million in total revenue from its online listing services over the same period.