Jim Cramer's Stop Trading: Watch Out for the Weak Housing Market?

NEW YORK (TheStreet) -- The weakness in real estate is "really quite profound," Jim Cramer said on CNBC's "Cramer's Stop Trading" segment.

If that is the case and housing is indeed slowing, keep an eye on Realogy  (RLGY) , the nation's largest real estate broker, he said.

Cramer, co-manager of the Action Alerts PLUS portfolio, pointed out that Credit Suisse downgraded Realogy's stock to sell from hold, and shares are down about 3% in response.

Shares of online real estate site Zillow (Z) are also getting hit, down more than 4%, as investors are starting to feel that the housing market may be slowing rather dramatically, Cramer said. 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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

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