Realogy Corp. announced this week additional plans to further cut costs through about 70 company-owned office consolidations.  This follows the earlier announced closing of some 67 company-owned last year. 

At the same time a loss of $797 million was announced by Richard Smith, company Chairman. Annual revenue has also been declining steadily down to $5.97 billion compared to $6.49 billion in 2006 and $7.14 billion in 2005.

These closings show prudent decissions in a declining housing market and validates Realogy listing in the 2008 Swanepoel Trends Report as one of the Top 10 Trendsetters of the Year 2007.