Re Max Hldgs Inc Stock Price, News & Analysis

RE/MAX Holdings (NYSE: RMAX) reported Q4 2024 results with total revenue of $72.5 million, down 5.4% year-over-year. The company's net income was $5.8 million with earnings per diluted share of $0.29. Adjusted EBITDA increased 1.6% to $23.3 million with a margin of 32.2%.

Total agent count grew 1.2% to 146,627, though U.S. and Canada combined agent count decreased 4.8% to 76,457. Motto Mortgage franchises declined 8.5% to 225 offices. For full-year 2024, total revenue decreased 5.5% to $307.7 million, while Adjusted EBITDA increased 1.5% to $97.7 million.

Looking ahead to 2025, RE/MAX expects Q1 agent count to increase 1.0-2.0% and full-year agent count to range between -1.0% to +1.0%. The company projects full-year 2025 revenue between $290.0-$310.0 million and Adjusted EBITDA of $90.0-$100.0 million.

RE/MAX's January 2025 Housing Report reveals significant market movements across 52 metro areas. New listings surged 53.7% from December, while inventory increased 5.0% month-over-month and 30.9% year-over-year. The median sales price stood at $422,000, showing a 1.8% decrease from December but a 5.3% increase from January 2024.

Home sales, while down 24.3% from December due to seasonal factors, were up 6.0% compared to January 2024, marking the fourth consecutive month of year-over-year sales growth. Buyers paid 98% of asking prices, unchanged from previous periods. The average days on market increased to 55 days, while months' supply of inventory was 2.8.

Notable market variations included Seattle leading new listings growth at +32.9% year-over-year, Coeur d'Alene showing the highest sales increase at +32.5%, and Pittsburgh experiencing the largest median price growth at +15.1%. Only Tampa and Baltimore saw year-over-year price decreases.

RE/MAX has announced its annual global convention, R4 2025, scheduled for February 24-27, 2025, at the Mandalay Bay Resort and Casino in Las Vegas. The reimagined event features an impressive lineup of speakers including Netflix Co-Founder Marc Randolph, RE/MAX Holdings Chairman Dave Liniger, and CEO Erik Carlson.

The convention will focus on trending industry topics such as AI, integrated technology systems, lead generation, and business growth strategies. The event includes a neighborhood-inspired MarketPlace, networking opportunities, and the Best of RE/MAX Awards Dinner. A Grammy Award-nominated American pop rock band will perform at the closing night.

The convention aims to provide valuable insights and renewed purpose for RE/MAX affiliates, featuring educational tracks and immersive experiences designed for the world's most productive real estate agents.

RE/MAX Holdings (NYSE: RMAX), the parent company of RE/MAX and Motto Mortgage, has scheduled the release of its fourth quarter and full year 2024 financial results after market close on February 20, 2025. The company will host a conference call and webcast for interested parties on February 21, 2025, at 8:30 a.m. Eastern Time.

Participants can access the webcast through the company's Investor Relations website, with registration required for the telephonic version. The webcast archive will be available for a time after the call. RE/MAX is known as a leading real estate brokerage services franchisor, while Motto Mortgage stands as the first and only national mortgage brokerage franchise brand in the U.S.

RE/MAX has launched its 2025 National Advertising Campaign, focusing on agent trust and expertise. The campaign, marking the 10th consecutive year of collaboration with agency Camp + King, aims to reinforce RE/MAX's position as the most trusted name in real estate.

Based on comprehensive consumer research, the campaign highlights that trust is the primary factor in choosing a real estate agent. The advertising initiative features fresh, bold creative content across multiple channels including TV, video, social media, display, and search ads, specifically targeting Gen Z and Millennials entering the housing market.

The campaign provides RE/MAX affiliates with exclusive access to customizable marketing materials, including TV spots, social media ads, and digital content for local engagement throughout 2025. The initiative spans platforms like Facebook, Instagram, and Reddit, incorporating user-generated content to enhance authentic connections with potential buyers and sellers.

RE/MAX Holdings (NYSE:RMAX) has appointed Travis Saxton as Executive Vice President of Strategy, reporting directly to CEO Erik Carlson. Saxton, a veteran of residential real estate technology with over two decades of experience, joins from T3 Sixty where he served as Executive Vice President of Enterprise Solutions.

In his new role, Saxton will guide real estate strategy and technology innovation, focusing on integrating solutions to optimize operations and support affiliate growth. His appointment follows the recent hiring of Chris Lim as Executive Vice President and Chief Growth Officer for RE/MAX, , strengthening the company's leadership team.

Saxton's extensive background includes executive positions at RealTrends and BombBomb, where he enhanced tech integration and content strategies. He has collaborated with real estate brokerages across the U.S. and Canada, including many of RE/MAX's largest brokerages, helping them leverage technology for growth and efficiency.

RE/MAX's December 2024 Housing Report shows continued market momentum with home sales up 13.3% compared to December 2023 and 4.4% above November 2024. The median sales price reached $427,000, marking a 6.2% increase from December 2023, though slightly down (-0.6%) from November.

Key findings include: homes took longer to sell with average Days on Market increasing to 54 days; inventory levels remained 22.0% higher year-over-year despite a 12.4% monthly decline; and new listings rose 7.5% compared to December 2023. Buyers paid 98% of asking prices, maintaining the same ratio as the previous year.

Notable market performers included Denver, which saw a 26.5% year-over-year increase in home sales, and Burlington, VT, which led new listings growth at 32.1%. The report covered 52 metro areas, with varying performance across regions, highlighting continued challenges in affordability despite persistent demand for homeownership.

RE/MAX Holdings (NYSE:RMAX) has announced the appointment of Chris Lim as Executive Vice President and Chief Growth Officer, effective February 3. Lim, former President of Christie's International Real Estate and founder of Climb Real Estate, brings over 22 years of experience in real estate sales, franchise development, and strategic growth.

In his new role, Lim will oversee teams supporting franchise growth in U.S. company-owned regions, focusing on increasing agent count and expanding market presence. His track record includes accelerating agent growth at Christie's International Real Estate and leadership positions at @properties and Realogy Holdings. Lim has been recognized in the industry through inclusion in the Swanepoel Power 200 and as an Inman Innovator.

CEO Erik Carlson emphasized that Lim's appointment aligns with RE/MAX's commitment to evolve and strengthen its position in the real estate industry while enhancing support for affiliates.

RE/MAX Holdings (NYSE: RMAX) has launched the RE/MAX Media Network, becoming the first real estate brand to create a commerce media network. The initiative, supported by Kontrol Media, will leverage RE/MAX's digital ecosystem to connect advertisers with consumers during their homebuying journey.

The network will utilize RE/MAX's websites, email newsletters, and in-property digital displays, reaching 7.6 million monthly users with 53 million+ monthly page views. The platform boasts an average engagement time of 14+ minutes and 2.5 million+ registered users across remax.com and remax.ca.

This strategic move aims to create new revenue streams while providing advertisers, from home improvement brands to financial services, with targeted access to potential homebuyers and sellers.