Jim Cramer's Stop Trading: What's Wrong With Realogy?

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.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

If you liked this article you might like

5 Stocks That Look Good Short

5 Stocks That Look Good Short

A Back-Door Real Estate Play

A Back-Door Real Estate Play

These 16 Stocks Look Ready to Reverse

These 16 Stocks Look Ready to Reverse

Ollie's Bargain Outlet, Blackstone Group: 'Mad Money' Lightning Round

Ollie's Bargain Outlet, Blackstone Group: 'Mad Money' Lightning Round

Can You Recognize Growth?: Cramer's 'Mad Money' Recap (Tuesday 10/31/2017)

Can You Recognize Growth?: Cramer's 'Mad Money' Recap (Tuesday 10/31/2017)