NEW YORK (TheStreet) -- Shares of Realogy Holdings (RLGY) are slumping more than 13% Monday after reporting "amazingly disappointing" earnings results, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.
On CNBC's "Cramer's Stop Trading" segment, he said this negative trend of business is expected to continue for much of 2014.
So what's the problem? The lack of housing inventory and mortgage rates, Cramer said. Unlike interest rates, which have fallen in recent months, mortgage rates have mostly remained flat, keeping potential buyers on the sidelines.
"This was a quarter that took your breath away," Cramer concluded. "This is not what you want to hear."
-- Written by Bret Kenwell in Petoskey, Mich.