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Investments / The Ticker

Real Estate companies turn small fortunes

Housing stocks on the rise

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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.

Source: Wealth Daily
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