[PREMIUM] Commentary on Realogy Q1, 2013 Results

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Introduction

Realogy reported its Q1/2013 results last week. This report will be shorter than my full year 2012 Report, as there were not as many eye-opening revelations from either the numbers or the management commentary on results.

Nonetheless, I look at not just the publicly reported numbers, but the core operating numbers, listen in on the earnings call to find out what Wall Street and management are focusing on, and consider what they mean to the real estate brokerage industry as a whole. Until another major brokerage goes public, the only real data we have comes to us courtesy of Realogy.

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-rsh

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Rob Hahn

Rob Hahn

Managing Partner of 7DS Associates, and the grand poobah of this here blog. Once called "a revolutionary in a really nice suit", people often wonder what I do for a living because I have the temerity to not talk about my clients and my work for clients. Suffice to say that I do strategy work for some of the largest organizations and companies in real estate, as well as some of the smallest startups and agent teams, but usually only on projects that interest me with big implications for reforming this wonderful, crazy, lovable yet frustrating real estate industry of ours.

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