This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer: 'Realogy Is For Real'

Stocks in this article: RLGY

Jim Cramer:


Debra Borchardt:

Now, they're starting to get worried that now prices are recovering they've got to jump in and get them.

Jim Cramer:

Well, affordability is going to go away. The houses are the cheapest, the money's the cheapest. The down payments have to be big.

Debra Borchardt:

Because we have to get away from the financial crisis and problems.

Jim Cramer:

Right. Smith was saying the FICO scores are 750 now for some of these homes and for people who are buying. The Fannie Mae (FNMA) market has to happen, the banks don't want to hold on to these loans and a lot of banks are looking for 40-50% if it's investment property. The rental price is now well in excess of when you buy a home and your mortgage payment, it's still very right. They're going to build a million homes, Richard thinks it could be double that, if they had the ability to. There's a lot of restrictions because of Dodd-Frank.

Debra Borchardt:

All right. So, there's a lot of positive, fundamental things to say about Realogy. The volume though on the stock is five times its average volume. It is up again, it's not at its 52 week high.

Jim Cramer:

Well, they did do a 35 million share secondary, the stock was at 45 and then people said, "Listen, they preannounced the downside and they did stock." When you look over the quarter, it wasn't really to the downside. It was a fine quarter. The main thing is, is that Apollo (APO) wanted to get its money out and they made it so you made money when they got out. They're making fortunes obviously. It's just a good story if you believe like I do that housing's going to continue to go higher.

Debra Borchardt:

All right. Well, there you have it. If you are looking for a housing stock you might want to take a look at Realogy. It is still not near its 52 week high and there may still be some room in this real estate stock.

--Written by Debra Borchardt in New York.

>To contact the writer of this article, click here: Debra Borchardt.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,901.13 +96.33 0.54%
S&P 500 2,071.59 +0.94 0.05%
NASDAQ 4,771.9140 +6.5340 0.14%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs