The latest earnings reports are approaching major real estate services firms like Coldwell Banker Real Estate and Cushman & Wakefield, but they’re likely won’t be much in the way of optimism in the industry. No Champagne popping this year.
The U.S. economy bore the brunt of the coronavirus pandemic in the second quarter, and some analysts expect those April through June declines to be more drastic than the ones experienced a decade ago, especially for big Boston real estate companies.
Boston Real Estate for Sale
Coldwell Banker is owned by Realogy. I bought their stock at $4.00 dollars a share earlier in the year. Today I’m selling it off today at $8.03 a share. Why? Their best days are behind them.