Uh-Oh: World's Biggest Real Estate Conglomerate Loses Millions

It's hard out there for a super-gigantic real estate conglomerate. The Realogy Corporation, whose franchises include the Corcoran Group, Sotheby's International Realty and Coldwell Banker, just posted a hefty loss for the third quarter. "The current economic conditions of this country are weighing heavily on consumer confidence and thus on the housing industry," CEO Richard Smith said. "We are not immune."  read more »

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