Here's Why Realogy Stock Is Rising Today
The stock market is having a volatile but decent session today. As of 10:30 a.m. EDT, all three major benchmarks are slightly in the green. But real estate brokerage company Realogy (NYSE: RLGY) is a big standout, with shares up by more than 10%.
The U.S. real estate market has been quite strong, thanks to a combination of low mortgage rates and limited inventory of existing homes, and homes have been selling in a fraction of the time it typically takes. And this was reflected in Realogy's third-quarter earnings.
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Source Fool.com
