Realogy's Strong IPO a Great Sign for Hamptons Real Estate

Realogy Holding Corp, the owner of luxury real estate brand Sotheby's International Realty, rose 27% on it's first day of trading, signaling the real estate markets bullish stance on a recovering real estate market. This is the strongest sign in years that investors are eager to find a way to bet that home sales, home prices, and home values will rise in the coming years. "People recognize a nascent housing recovery and an improving economy," said Richard A. Smith, Realogy's chief executive. I believe this is great news for the Hamptons real estate industry. We rely heavily on Wall Street buyers, sellers, and investors, and I think this the kind of news they comprehend and deem actionable.