Realogy Named to Forbes 2020 Best Employers for Diversity List

Scored highly in independent survey of more than 60,000 employees at U.S. companies

Madison, NJ – Jan. 21, 2020 (PRNewswireRealogy (NYSE: RLGY), the leading and most integrated provider of residential real estate services in the United States, has been named by Forbes as one of America’s Best Employers for Diversity. The recognition spotlights 500 companies across two dozen industries that demonstrate a strong commitment to diversity and inclusion.

To create the ranking, Forbes and market research company Statista anonymously surveyed more than 60,000 employees working for organizations with at least 1,000 people. The study considered a variety of diversity dimensions, including gender, ethnicity, age, LGBTQ+ and disability, as well as an index of objective and publicly available KPIs, such as percentage of women among top executives and the board of directors—an area in which Realogy stands out.

“This honor is really a testament to Realogy’s employees—both the outstanding talent we have in our company and the great environment they’ve created,” said Ryan Schneider, Realogy’s chief executive officer and president. “Diversity is core to the success of our business, as well as to the success of our affiliated agents and franchisees, so it is critically important that we lead by example and show all employees, affiliated agents, owners and customers that we welcome, respect and value them.”

“We take great pride in being recognized for our commitment to diversity and for fostering a culture of inclusion,” said Sunita Holzer, Chief Human Resources Officer, Realogy. “An inclusive environment helps us attract and promote the best people, deliver innovation and, ultimately, grow our business by better serving the needs of our diverse employees, affiliated agents, owners and the market. This is evidenced by our predominantly female employee base and significant number of diverse women in leadership roles.”

Realogy cultivates a workplace of inclusion and respect through a holistic approach that focuses on people, market and industry framework, partnerships and suppliers. Examples and accolades include:

  • First residential real estate company to endorse the Equality Act and fully support H.R. 1447 amending the Fair Housing Act to include LGBTQ+ as protected classes
  • Certified as a Great Place to Work for the last two consecutive years
  • Honored repeatedly for gender diversity on the Board of Directors by Executive Women of New Jersey (EWNJ) and the Women’s Forum of New York
  • Offering transgender health benefits to employees and their partners
  • Strong support for and involvement in real estate associations that promote diversity and inclusion, including the National Association of Hispanic Real Estate Professionals (NAHREP), National Association of Gay and Lesbian Real Estate Professionals (NAGLREP), National Association of Real Estate Brokers (NAREB), and the Asian Real Estate Association of America (AREAA)
  • Highest ranked residential real estate company on the Human Rights Campaign’s Corporate Equality Index
  • Realogy Diversity & Inclusion Council and Employee Resource Groups that drive diversity and inclusion programs across the enterprise

Read more about the company’s approach to diversity and inclusion in Realogy’s Corporate Social Responsibility Report.

View the full Forbes Best Employers for Diversity list here.

About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is the leading and most integrated provider of residential real estate services in the U.S. that is focused on empowering independent sales agents to best serve today’s consumers. Realogy delivers its services through its well-known industry brands including  Better Homes and Gardens® Real Estate, CENTURY 21®Coldwell Banker®Coldwell Banker Commercial®Corcoran Group®ERA®Sotheby’s International Realty® as well as NRTCartus®and Title Resource Group. Realogy’s fully integrated business model includes brokerage, franchising, relocation, mortgage, and title and settlement services. Realogy provides independent sales agents access to leading technology, best-in-class marketing and learning programs, and support services to help them become more productive and build stronger businesses. Realogy’s affiliated brokerages operate around the world with approximately 190,000 independent sales agents in the United States and approximately 110,400 independent sales agents in 112 other countries and territories. Realogy is headquartered in Madison, New Jersey.

Soaring Growth of Urban Neighborhoods Shows Transformation into Highly Diverse, Distinct Areas Drawing a Range of Residents and Workers, Says New Urban Land Institute Report

“New Geography of Urban Neighborhoods” Explores Urban Evolution

Washington, D.C. – June 20, 2018 (PRNewswire-USNewswire) New research from the Urban Land Institute shows that the population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand – particularly among younger households — for living environments that are convenient to jobs, transit, and urban amenities, and which are highly walkable.

Urban Land Institute Logo

The New Geography of Urban Neighborhoods, prepared for ULI’s Terwilliger Center for Housing by RCLCO Real Estate Advisors, finds that for the first time in decades, population growth rates in urban neighborhoods of the nation’s 50 largest metropolitan statistical areas (MSAs) are approaching suburban growth rates. Between 2010 and 2015, the growth rate of urban neighborhoods was 3.4 percent, compared to 3.7 percent for suburban neighborhoods. This is in sharp contrast to 2000 to 2015, when the growth rate for urban neighborhoods was one percent, compared to 13 percent for the suburbs.

The report explores how this growth has accompanied the evolution of different types of urban neighborhoods, and how demographic and economic trends have shaped development in these areas. Based on variables such as population density, employment density, employment rates, housing type, home values, rent levels, vacancy rates, and new apartment development, the urban neighborhoods are categorized as:

  • Economic center – significant concentrations of employment, often historic urban cores, formerly 9-to-5 locations that are morphing into 18-hour if not 24-7 neighborhoods
  • Emerging economic center – former single-family or low-density commercial areas that are evolving into new urban cores
  • Mixed-use district – high density housing often mixed with upscale retail
  • High-end neighborhood – upscale single-family and multifamily housing, typically in historic areas with convenient access to shops and dining
  • Stable neighborhood – historically working-class neighborhoods with diverse housing types; high appeal to new urban households seeking less expensive housing is causing gentrificationv
  • Challenged neighborhood – areas with lower home values and apartment rents and minimal new development, often bordering former industrial and manufacturing districts

“Our cities are evolving into places that are more diverse and more interesting than ever, with a mix of neighborhoods defined by distinct characteristics that are drawing different residents and workers for different reasons,” said ULI Terwilliger Center Founder and Chairman J. Ronald Terwilliger. “There are very few urban areas in which housing is not mixed in or very close to commercial uses. This has significant implications for development going forward – particularly affordable housing — in terms of building cities that are livable and attainable to people in a broad income range.”

The report’s analysis of who lives where suggests potential growth trajectories for the 50 MSAs evaluated. Seattle has the largest percentage of residents (13 percent) living in economic centers, followed closely by Washington D.C. and San Francisco (10 percent each). Jacksonville, Florida has the most residents (12 percent) in emerging economic centers, followed by Birmingham, Alabama (11 percent). New York City has the largest number (26 percent) in mixed-use districts, followed by Chicago (23 percent). Seattle has the largest percentage of residents (53 percent) in high-end neighborhoods, followed by Austin (43 percent). San Jose has the largest number (82 percent) in stable neighborhoods, followed by San Antonio (71 percent). Hartford, Connecticut has the most residents (68 percent) in challenged neighborhoods, along with Detroit (67 percent).

“This framework provides a non-judgmental platform for discussing the unique tapestry of neighborhood types that make up American cities,” said Adam Ducker, managing director at RCLCO. “Recognizing this diversity is key to facilitating productive conversations about the economic, demographic, and societal trends occurring in each neighborhood and the impact these trends are having on real estate.”

Key findings from the report:

  • Currently, more than 29 million Americans live in urban neighborhoods. This represents 17 percent of the total population living in just one percent of the land area in the 50 largest MSAs.
  • Urban places are now capturing more than their fair share of new job growth. Urban places accounted for 30 percent of existing jobs and 36 percent of new job growth between 2005 and 2015. Job growth was particularly strong in economic centers during this time.
  • Upscale urban places are among the most racially and ethnically diverse types of neighborhoods. There is nearly even split between the white and non-white populations in economic centers and mixed-use districts, two urban neighborhoods with the highest average rents.
  • Nearly one-third of urban households are headed by millennials. More than 29 percent of households in urban locations are under the age of 35, compared to 18 percent in the suburbs. Millennials are more likely to gravitate to dense, mixed-use places.
  • Rental apartment development is now concentrated in urban locations. Between 2010 and 2017, the rental apartment inventory in urban neighborhoods increased by 32 percent, compared to 16 percent in the suburbs. However, apartment development within urban locations varied sharply, with 50 percent of the development occurring in high-end neighborhoods and economic centers; 42 percent in mixed-use districts and emerging economic centers; and only 8 percent in stable and challenged neighborhoods.
  • Urban places continue to face greater housing affordability issues than suburban places. While average annual household incomes tend to be lower in urban areas than the suburbs — $66,000 versus $89,000 – the average monthly apartment rent in urban areas is $1,650, far higher than the suburbs, at $1,275.
  • About 50 percent of people who live in urban areas commute by transit, walking, biking, or carpooling, compared to 22 percent in the suburbs. People living in economic centers and mixed-use districts are the most likely to use alternative transportation, because these areas are the most likely to be located near public transit.

The New Geography of Urban Neighborhoods builds on a similar analysis of suburban neighborhoods conducted by RCLCO for the Terwilliger Center in 2016. RCLCO also developed an interactive atlas of urban and suburban neighborhoods in U.S. metro areas, based on the key factors that define their housing markets.

While the urban evolution is unlikely to settle the ongoing “winners-versus-losers” debate involving suburbs and urban areas, healthy metro areas will “continue to feature a wide range of urban and suburban neighborhoods,” the report says.

About the Urban Land Institute
The Urban Land Institute is a nonprofit education and research institute supported by its members. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Established in 1936, the institute has more than 40,000 members worldwide representing all aspects of land use and development disciplines, including more than 2,000 in the Asia Pacific region. For more information on ULI, please visit uli.org or follow us on Twitter, Facebook, LinkedIn, and Instagram.