Shares of Redfin Corp. [rdfn] tanked 6.5% toward a record-low close, as big jump in Treasury yields weighed on real estate services companies, by increasing concerns over rising mortgage rates and further weakness in the residential housing market. Redfin''s stock has tumbled TK% amid a six-day losing streak, and was headed for the lowest close since it went public in July 2017. Among other real estate services companies, shares of Douglas Elliman Inc. slid 1.1% toward a record low, RE/MAX Holdings Inc. dropped 2.1% and Anywhere Real Estate Inc. gave up 4.2%, while the S&P 500 fell 0.6% and the yield on the 10-year Treasury note , which guides mortgage rates, climbed to an 11-year high of 3.682%. Also weighing on sentiment, home builder KB Home reported disappointing fiscal third-quarter results after Wednesday''s closing bell. In a conference call with analysts, KB Home Chief Executive Jeffrey Mezger said, according to a FactSet transcript: "Although the long-term outlook remains positive, many prospective buyers have paused and moved to the sidelines amid higher mortgage rates along with ongoing inflation and a range of macroeconomic and geopolitical concerns." Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
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Local Realtor’s Office Transforms IT Infrastructure With Green Zebra Innovation
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Event encourages RE/MAX affiliates around the world to support local communities through fundraisers, volunteering and acts of service DENVER , Sept. 14, 2022 /PRNewswire/ -- RE/MAX, LLC announced its second annual "Global RE/MAX Day" will take place on Wednesday, October 5 . The goal of the event is to activate the vast RE/MAX network, which includes 140,000+ affiliates and a presence in over 110 countries and territories, in a coordinated effort to give back to the communities in which they live and work. RE/MAX affiliates and RE/MAX Holdings, Inc. staff members are encouraged to volunteer at a charity of their choice or through a community service project on Global RE/MAX Day. … Full story available on Benzinga.com
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Real estate franchisor RE/MAX (RMAX) said more than 180 new franchise agreements and over 215 renewals were signed across the world between April and June.The report follows…
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Good news, house hunters: Home prices have started to cool. Prices are still rising, but annual home price appreciation slowed from April to June, with June marking the strongest single-month deceleration in home price growth ever, according to Black Knight, a mortgage data analytics firm. SEE MORE Home-Price Growth Set to Slow Down The bad news:Rising mortgage rates are making homeownership less attainable for some buyers. Although mortgage rates have been in a state of flux this year, the 30-year fixed-rate average ballooned from 3.2% in January to 5.3% at the end of July, according to Freddie Mac. Consequently, the national median mortgage payment hit $1,893 in June, a $509 increase since the beginning of the year, says the Mortgage Bankers Association. Inflation, geopolitical tensions and fears of a recession are stoking higher mortgage rates, says Odeta Kushi, deputy chief economist at First American Financial Corp., a title, settlement and risk solutions provider based in Santa Ana, Calif. “The Federal Reserve has been reducing its balance sheet and raising its benchmark rate in an effort to tame inflation,” she says. “That has resulted in higher 10-year Treasury yields, which has resulted in higher mortgage rates.” Those rising mortgage rates are pushing some buyers out of the market and leading some others to back out of deals—approximately 60,000 home-purchase agreements nationwide fell through in June, Redfin data found.
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Shares of real estate franchisor RE/MAX Holdings are down over 60% since reaching an all-time high in 2017, including roughly 20% YTD22 as previously absurd valuations have rationalized.
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San Pedro, Belize--(Newsfile Corp. - August 13, 2022) - RE/MAX Belize, one of the leading real estate brokerages in the Belize region, has just launched a new strategy around diversifying a portfo…
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POTOMAC, Md. , Aug. 10, 2022 /PRNewswire/ -- Curbio, the nation''s leading fix now, pay-at-closing home improvement solution for real estate agents and their clients, today formally announced a strategic alliance with RE/MAX, LLC, one of the world''s leading franchisors of real estate brokerage services. The RE/MAX network has more than 140,000 agents in almost 9,000 offices. Through … Full story available on Benzinga.com
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A huge jobs number last Friday … are we getting the full picture from this headline number? … more conflicting data from a headhunting firm … a big payday for Speculator subscribers Last Friday, we discovered that July brought a surprise jump in jobs added to the economy. Whereas economists polled by The Wall Street Journal had forecast 258,000 new jobs, the number came in more than double that, at 528,000. Keep in mind, the experts botched it the prior month, too. In July, we learned that the U.S. added 372,000 new jobs in June. That dwarfed the forecast of 268,000. These back-to-back months of positive surprises suggests significant strength in the labor market. (Or significant weakness from our economic forecasting experts, but we’ll go with “labor market strength.”) In fact, based on last Friday’s data, the number of people unemployed has finally returned to the pre-pandemic February 2020 level, which happens to be a 50-year low. This is good news. But then how do we explain the significant increase in the number of layoffs and/or hiring freezes today?
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DENVER , Aug. 8, 2022 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX ), parent company of RE/MAX, one of the world''s leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., has appointed Susie Winders as General Counsel, Chief Compliance Officer and Secretary. Winders, who joined the Company more than 13 years ago, served most recently as Vice President, Assistant … Full story available on Benzinga.com
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RE/MAX Holdings (RMAX) Q2 2022 Earnings Conference Call August 05, 2022 08:30 AM ET Company Participants Andy Schulz - SVP, IR Steve Joyce - CEO Ward Morrison - President and CEO, Motto…
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The following slide deck was published by RE/MAX Holdings, Inc.
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RE/MAX Holdings press release (RMAX): Q2 Non-GAAP EPS of $0.68 (vs
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Total Revenue Grew 19.3%, Organic Revenue Grew 1.7%, and Adjusted EBITDA Grew 14.4% DENVER, Aug. 4, 2022 /PRNewswire/ -- Second Quarter 2022 Highlights (Compared to second quarter 2021 unless otherwise noted) Total Revenue increased 19.3% to $92.2 million Revenue excluding the Marketing…
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DENVER , Aug. 2, 2022 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX ), parent company of RE/MAX, one of the world''s leading franchisors of real estate brokerage services, and of Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock. The dividend is payable on August 30, 2022 , to shareholders of record at the close of business on August 16, 2022 . About RE/MAX Holdings, Inc. RE/MAX Holdings, Inc. (NYSE: RMAX ) is one of the world''s leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX® brand, and mortgage brokerages within … Full story available on Benzinga.com
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Alliance with Leading Real Estate Franchisor Cements Co-Ownership as a Mainstream Buying Decision SAN FRANCISCO , July 27, 2022 /PRNewswire/ -- Pacaso , the technology-enabled real estate marketplace which helps people buy and co-own luxury second homes, today announces a strategic alliance with RE/MAX and its Approved Supplier program, one of the world''s leading franchisors of real estate brokerage services. The relationship introduces its innovative second home marketplace to RE/MAX brokerages in the 40 global luxury second home destinations in which Pacaso currently operates. "We are excited to align with RE/MAX and introduce co-ownership as the most sustainable and modern way to buy and own a second home to their expansive network," said Vice President of Industry Relations Marnie Blanco . "At a time when low inventory continues to fuel record high home prices across the nation, it is more important than ever to make efficient use of existing homes and put forward smart solutions.
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RE/MAX Holdings(RMAX) +4.43% discloses that its 10% Owner Peterson Adam K purchased 32,196 shares of common stock.As per SEC filings shares were purchased in multiple price range of…
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As Inventory Rises, June Home Sales Post Year''s Highest Mark But Trail 2021 DENVER , July 18, 2022 /PRNewswire/ -- Halfway through the peak summer buying season, this year''s home sales are falling short of 2021''s, as signs of more balance in the market take hold. June posted the most home sales of any month thus far this year, topping May by 4.7% but falling 17.6% short of June 2021 . Inventory grew for a third consecutive month by a whopping 34.1% over May and 27.5% year over year. While up 11% year over year, the Median Sales Price of $428,000 inched just 0.6% above May''s. Bolstering the inventory was a 7.7% increase in new listings month over month, which was an increase of 1.6% over June 2021 . Months Supply of Inventory jumped from 0.9 in May to 1.4 in June. A year ago, Months Supply of Inventory was 1.0. "The market is moving toward greater balance, especially with inventory gains and the slowing of price appreciation. The past few years have been one of the most competitive times ever for buyers – and we''re finally seeing conditions ease up," said Nick Bailey , President and CEO. "It''s due partly to the rise in interest rates – although buyers are also finding solutions in ARMs, FHA products and other financing – but even more significant is the increase in listings after several years of instant sales and low inventory.
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Shares of real estate services companies were knocked lower Wednesday after surprisingly strong inflation data sent Treasury yields climbing. A big jump in longer-term Treasury yields this year has weighed heavily on the housing market, as they reduce affordability by boosting mortgage lending rates. Shares of Redfin Corp. slumped 4.6%, Zillow Group Inc. dropped 4.0%, Anywhere Real Estate Inc. shed 2.9% and RE/MAX Holdings Inc. lost 2.3%. Meanwhile, the yield on the 10-year Treasury note rose 7.6 basis points (0.076 percentage points) to 3.034%. Meanwhile, the S&P 500 fell 1.0%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Inside Real Estate selected by global powerhouse RE/MAX to provide kvCORE Platform and integrated add-on solutions to all company-owned regions across the US and Canada , helping agents and teams achieve maximum productivity in any market. MURRAY, Utah , July 13, 2022 /PRNewswire-PRWeb/ -- RE/MAX, LLC, one of the largest global real estate franchisors with over 140,000 agents in almost 9,000 offices and a presence in more than 110 countries and territories, has partnered with Inside Real Estate to provide kvCORE, the industry''s #1 rated technology platform, at no additional cost, to all of its company-owned regions across the US and Canada . RE/MAX will also provide CORE Present, the award-winning CMA and presentation builder, CORE ListingMachine & Design Center, an automated print and digital marketing suite, and unlimited CORE Team accounts, a uniquely designed team solution built within kvCORE, ensuring all RE/MAX teams can operate with full autonomy to grow their own independent businesses. "RE/MAX is the world''s most productive real estate network, as measured by residential transaction sides, and now RE/MAX agents in the U.S. and Canada will be equipped with the industry''s most proven productivity platform, kvCORE," said Nick Bailey , RE/MAX President and CEO. "Inside Real Estate has the resources, scale, and vision to deliver innovative and proven technology solutions.
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Real estate services firm Re/Max (RMAX) is planning to cut 17% of its workforce, or 120 employees, by the end of 2022, according to an SEC filing. The move comes as the company is…
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Re/Max Holdings Inc. said late Thursday it expects to cut its workforce by about 17% by the end of the year, mostly technology positions, as the real-estate company outsources some of its technology needs. Re/Max said it is entering a relationship with Inside Real Estate, the developers of a cloud-based, "all-in-one" real-estate platform for agents. In a phased rollout beginning later this year through 2023, Re/Max affiliates in the U.S. and Canada will get access to the platform. Most savings from the layoffs are expected to reinvested back in the business, Re/Max said. According to company filings, Re/Max had 639 full-time employees at the end of last year, mostly in Denver. The company''s franchisees are independently operated and their employees and agents are not included in the company''s employee count. Shares of Re/Max were flat in the after-hours session after ending the regular trading day up 1.9%. This evolutionary step will advance the best elements of RE/MAX technology - including many developed via acquisitions in the past several years.
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Re/Max (RMAX) is launching a pilot program to attract more real estate agents while it increases sales and marketing investment in its mortgage segment
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After attracting crypto firms, property investors and Russian billionaires, Dubai is drawing a new crowd: hedge fund managers.
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Although US stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company''s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga''s insider transactions platform. RE/MAX Holdings The Trade: RE/MAX Holdings, Inc. (NYSE: RMAX ) … Full story available on Benzinga.com
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Insiders are making major positive moves at Re/Max Holdings (RMAX). On June 27, the Director of RMAX,Adam Peterson, lapped up 33,102 RMAX shares worth $811,39…
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Top 250 agents and top 100 teams have combined sales volume of $13.8 billion , RE/MAX, Coldwell Banker , and Century 21 top the list of companies with the most agents honored SAN DIEGO , June 9, 2022 /PRNewswire-PRWeb/ -- The National Association of Hispanic Real Estate Professionals (NAHREP®) released its eleventh annual Top 250 Latino Agents Report today in association with Alterra Home Loans, recognizing the top producing Latino agents across the United States , including Puerto Rico . This year''s report ranks individual agents and teams based on transactions and sales volume, and represents a total of 39,804 transactions and $13.8 billion in combined sales volume in 2021. "The NAHREP Top 250 celebrates and acknowledges the leading Latino agents in the country. During one of the most competitive markets in history, this elite group of Latino agents was responsible for billions of dollars in real estate sales," said 2022 NAHREP President Luis Padilla . "Congratulations to the top agents who drove business in a robust market and helped thousands of homeowners achieve their dreams." The 2022 Top 10 Latino Agents in the U.S. ranked by transactions are: 1) Artemisa Boston, Realty Group, LLC, Coon Rapids, MN – 299 2) Steven Pagán, Berkshire Hathaway HomeServices Fox & Roach, REALTORS®, Medford, NJ – 255 3) Luis Coronel, Coronel Realty Group, Indianapolis, IN – 244 4) Wilfredo Alfaro, Coldwell Banker Realty, Clifton, NJ – 217 5) Jose Pablo Campillo, Tierra Antigua Realty, Tucson, AZ – 170.5 6) Gino Montalvo, Mirabal Montalvo & Associates, Corpus Christi, TX – 168 7) Dennis Estep, Home Pros Real …
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Moderator: Nancy Ogbue, Founder – Street Aid Africa Foundation Speakers: M. Kolawole Diya, Country Director, RE/MAX; Bamidele Onalaja, Managing Director/CEO, Revolution Plus Properties; Dotun Oloyede, Founder/CEO, Rolad Properties Limited; Dolapo Omidire, Founder/CEO Estate Intell. read more Developer sponsored/promoted buyer-friendly pathways to property ownership: Gimmick or reality?
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But RE/MAX vice-president cites cyclical nature of real estate market
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RE/MAX Holdings Also Announces Amendment of Credit Agreement That Increases Capacity and Reduces Borrowing Costs Proceeds From New Term Loans to be Used to Repay Existing Indebtedness and Fund RE/MAX INTEGRA North American Regions Acquisition DENVER , July 21, 2021 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX ), today announced that RE/MAX, LLC, one of the world''s leading franchisors of real estate brokerage services, has completed its previously announced purchase of the North American regions of RE/MAX INTEGRA. With the sale now closed, more than 19,000 agents (approximately 12,000 in Canada and 7,000 in the U.S.) and more than 1,100 independently owned and operated RE/MAX offices are now in the growing group of RE/MAX, LLC Company-Owned Regions (COR). "We are delighted to complete this landmark regional acquisition," said Adam Contos , RE/MAX Holdings CEO. "The addition of these strategic and geographically desirable regions enhances our ability to continue to scale, brings many attractive growth opportunities and simplifies our operational structure by creating greater efficiencies.
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Summary List Placement The pandemic unchained Americans from their office desks and sent rental vacancies in big cities like New York and San Francisco climbing. In an attempt to curb the free fall, a record share of landlords slashed rent prices and offered concessions like months off rent and waived application fees to lure tenants back in. But good luck finding those concessions or vacancies now. Average national monthly rent surpassed $1,500 in June for the first time, according to a new release from the National Apartment Association . Occupancy is also at 96.5%, the highest it''s been in 20 years. Rent increases year to date are also starkly higher than in the past: The rental website Apartment List found that the median apartment rent in the US rose 9.2% through the first six months of 2021. Typical first-half growth was previously 2 to 3%, Insider''s Ben Winck reported , citing Apartment List. The frenzy, in part, is because of an overheated real-estate sales market. Millions of Americans have tried to scoop up homes over the past year and now they''re getting completely shut out because of record-low inventory, sky-high prices, and intense competition marked by bidding wars pushing those flush with cash to offer up to $1 million over asking prices .
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The headquarters of the real estate brand have relocated to a state-of-the-art, centrally located new space. The post New premises for RE/MAX Malta regional office appeared first on Newsbook .
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The Law School of the Babes-Bolyai University in Cluj has bought Opera Plaza hotel in the city in a RON 40 M transaction brokered by RE/MAX Romania. The property is one of the most imposing buildings in the citys historical district, being the first five-star hotel ever commissioned in Cluj-Napoca. Stretching on a 8,000-sqm area, []
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New data recently released by a RE/MAX national housing report says the Dallas-Fort Worth area has broken a record and surpassed the $350,000 dollar average price for a home.
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Troy-based RE/MAX of Southeastern Michigan, a leading real-estate business, has just promoted the first woman to possess the title of president and regional director, Jeanette Schneider. Jeanette is an accomplished real estate executive who continues to grow and strengthen our region, said Magnus Sublett, owner and chief executive officer, RE/MAX of Southeastern Michigan. She is a passionate [] The post RE/MAX of Southeastern Michigan Names Jeanette Schneider New President, Regional Director appeared first on DBusiness Magazine .
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RE/MAX''s proprietary First® app was a first-place winner in the Products & Services Innovation Awards grouping in the 3rd annual Franchise Innovation Awards contest hosted by
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RE/MAX CEO Adam Contos talked to Inman about low inventory, commission splits and what agents need to be focusing on in 2021.
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Re/Max is slimming down the square footage of its Denver Tech Center headquarters as the company embraces flexible work arrangements for its employees.
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RE/MAX CEO Adam Contos is betting on data and encouraging all real estate professionals to do the same for a competitive advantage.
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RE/MAX has released its National Housing Report for May 2021 that shows the typical spike in sales this time of year did not happen there was a 0.2 percent drop from April and relatively unchanging home prices in the 53 metro areas covered. Another broken trend was the 7.1 percent drop in listed homes [] The post Metro Detroit Leads Nation in Real Estate Closings, Price Increase in RE/MAX Report appeared first on DBusiness Magazine .
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Photo: Nancy Oliver, chair of the special events committee and member of the Eds House Foundation (left) with signature sponsor Tony Pulla, RE/MAX Lakeshore Realty Inc. (right) Community Care Northumberlands signature Handbags for Hospice event raised a total of $18,200 for Eds House Northumberland Hospice Care Centre, CCNs hospice centre that opened in September of [] The post Handbags for Hospice Raises Over $18,000 for Eds House appeared first on Today''s Northumberland - Your Source For What''s Happening Locally and Beyond .
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Rating Action: Moody''s affirms RE/MAX''s Ba3 CFR and assigns Ba3 rating to new credit facility; outlook remains stable Vollständigen Artikel bei Moodys lesen
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Canmores housing market is experiencing a spike in prices with one realtor attributing much of it to a COVID state of mind. A report from Re/MAX looking into recreational property prices across Canada shows the average price of non-waterfront properties in the community west of Calgary have increased by 26 per cent between 2019 and []
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Summary List Placement During my more than 15-year career at real-estate franchise Re/max, I''ve focused on helping shape the culture as well as the marketing, franchise sales
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Summary List Placement During my more than 15-year career at real-estate franchise Re/max, I''ve focused on helping shape the culture as well as the marketing, franchise sales, brokerage operations, and regional/franchise support departments. In my role as CEO, I provide strategic direction on major corporate initiatives for Re/max and mortgage-broker franchise Motto Mortgage. I see things from both the ground level working directly with franchisees at every point, from sale to succession and the corporate level, understanding the role and responsibilities of the franchisor. I pride myself on self-discipline and work ethic, which stem from my background as a US Marine and SWAT commander. When I''m not at the office, I spend some of my time as a volunteer police officer and firearm instructor. Under my tenure, Re/max Holdings has made several strategic acquisitions in the tech space, starting with the addition of tech company booj in February 2018 and the subsequent acquisitions of First , an AI-powered real-estate platform, in December 2019, wemlo , a tech-based mortgage loan processing startup, in September 2020, and Gadberry Group , a leading location data-intelligence firm, also in September 2020. 4:30 a.m.: I start my day with coffee and a workout I feed my mind a quick coffee with MCT oil and listen to a self-improvement video by my friend Darren Hardy .
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WISCONSIN, June 7, 2021RE/MAX INTEGRA, the largest sub-franchisor of RE/MAX LLC., is pleased to announce four new office openings and an ownership transition among its Midwest regions. Were thrilled that these brokerages have chosen to grow their business with us, shares Fiona Petrie, EVP and Managing Director of U.S. Operations for RE/MAX INTEGRA. RE/MAX is []
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Massive Acquisition by RE/MAX Furthering Brand''s Growth Goals; Nick Bailey Promoted to President RE/MAX, LLC recently announced it is acquiring RE/MAX Integra''s North America
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